Ethena’s ENA Token Surges on Strategic Buybacks and Binance Listing

Recent Performance

Ethena’s native token, ENA, has experienced a notable 20% increase over the past week and is currently trading at $0.84. The token also boasts a 24-hour trading volume of $1.44 billion. This surge is largely attributed to strategic buyback programs and the recent listing of Ethena’s USDe stablecoin on Binance, which have strengthened investor confidence in the protocol.

Analyst Perspectives

Analysts maintain a positive outlook for ENA, emphasizing the protocol’s strong revenue generation and the reinforcing effect of buyback programs. The recent approval of a fee-sharing proposal aligns token holders with Ethena’s growth, serving to enhance ENA’s value proposition.

Future Outlook

Looking ahead, attention is drawn to the upcoming Season 4 airdrop deadline on September 24, 2025—a key event expected to drive further user engagement. Coupled with continued buybacks and new strategic partnerships, ENA appears well-positioned for continued and sustained growth within the rapidly evolving DeFi sector.