Coinbase Adds Ethena Token to Roadmap, Triggers Price Jump
Coinbase has added Ethena's native token ENA to its listing roadmap, prompting an immediate price surge of 8.6%. The exchange emphasized that actual trading availability remains contingent on meeting specific technical and market-making requirements.
According to Coinbase Assets' official X account, the ERC-20 contract address for ENA is 0x57e114B691Db790C35207b2e685D4A43181e6061. The exchange warned that depositing unlisted assets could result in permanent fund loss.
The announcement came one day after a significant token unlock event, where over 40 million ENA tokens worth approximately $12 million entered circulation without triggering major selloffs. This resilience may have influenced Coinbase's decision to proceed with the roadmap addition.