Crypto Sell-Off Pushes Ethena’s ENA Down More Than 16% in 24 Hours

Crypto markets fell broadly over 24 hours, with Ether (ETH), Solana (SOL) and Hyperliquid (HYPE) each dropping more than 10% and Ethena (ENA) losing more than 16%.

Bitcoin (BTC) fell more than 8% over 24 hours. Ether was $1,724.49, down more than 10.6%; Solana stood at $68.77, down more than 11%; and HYPE was $63.37, down more than 11.3%.

ENA declined more than 16% to $0.1121. NEAR Protocol’s NEAR token fell more than 12.7% to $2.994, and Zcash (ZEC) dropped more than 8% to $853.50.

Selling extended to Robinhood Chain ecosystem tokens: HOOKR fell more than 45% to $0.00826, AI dropped over 20% to $0.0207, PONS declined more than 19% to $0.115, and CASHCAT lost more than 17.67% to $0.0394. The spread of losses reached from major cryptocurrencies to tokens tied to the Robinhood Chain ecosystem.