Why is Ethena price down today, October 30?

Ethena price has fallen 7.26% to $0.18653 on October 30 after the attacker behind Binance's $6.3 billion security breach reportedly sold 217.5 million ENA tokens worth $33.93 million. Ethena (ENA) fell 7.26% to $0.18653 on October 30 after heavy selling linked to the Binance hack. Lookonchain reported that the attacker sold 217.5 million ENA for $33.93 million. Santiment recorded a drop of more than 16% in ENA during the four-hour window surrounding the attack. USDe briefly traded at $0.9974, but its supply showed relatively little movement during the incident. ENA faces resistance near $0.20 and $0.22, with support around $0.18 and $0.1658. According to Lookonchain, the hacker exchanged the stolen ENA for Ethereum at an average price near $0.16, alongside six other cryptocurrencies.

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