Ethena (ENA) Price: Token Rallies 12% After Binance Equity Trade Launch

Ethena's ENA token rallied 12% in 24 hours to near $0.249 after the protocol added tokenized US equities and equity perpetual futures to the basis trade backing USDe. Binance bStocks serve as spot collateral with equity perpetuals as the hedge. Short liquidations of about $150,000 in ENA amplified the move, with analyst Lana Valentis flagging further upside potential.