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Ethena Just Launched to a $1.2 Billion Market Cap—Here’s What You Need to Know

The ENA governance token from Ethena Labs, along with USDe, have a controversial history, but that hasn’t held back billions in backing from investors and traders.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Ethena Just Launched to a $1.2 Billion Market Cap—Here’s What You Need to Know
The ENA governance token from Ethena Labs, along with USDe, have a controversial history, but that hasn’t held back billions in backing from investors and traders.

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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