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ENA surges 26% in two days following Coinbase partnership and investment
- Ethena (ENA) rallied 26% over two days following Coinbase Ventures' open-market investment and partnership announcement on June 2.
- After dropping to a 30-day low of $0.0883 on June 1, the token recovered to $0.1115 on June 3 (up 18.60% on June 3 alone).
- Trading volume surged to 3,594,810,857 on June 3 from 1,949,594,525 on June 2, reflecting heightened institutional interest.
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Conclusion
ENA-USD hit a 30-day low of $0.08829 on June 1, 2026, then rose to $0.09405 on June 2 and $0.11153 on June 3 (up 18.60% on June 3 alone), representing a 26.3% recovery from the June 1 low. Volume rose to 3,594,810,857 on June 3 from 1,949,594,525 on June 2. On June 2, Coinbase Ventures announced its first investment in Ethena through an open-market ENA purchase, alongside a partnership to expand on-chain finance products to Coinbase's 100+ million users. This catalyst coincided with the token's breakout from a multi-week downtrend.