coin-img-PIPPINPIPPIN+5.04%coin-img-ETHETH+1.15%coin-img-BTCBTC+1.48%coin-img-UCNUCN+0.11%coin-img-SOLSOL+0.84%coin-img-XRPXRP-0.02%coin-img-USDCUSDC+0.02%coin-img-ADAADA-1.41%coin-img-PIPPINPIPPIN+5.04%coin-img-ETHETH+1.15%coin-img-BTCBTC+1.48%coin-img-UCNUCN+0.11%coin-img-SOLSOL+0.84%coin-img-XRPXRP-0.02%coin-img-USDCUSDC+0.02%coin-img-ADAADA-1.41%coin-img-PIPPINPIPPIN+5.04%coin-img-ETHETH+1.15%coin-img-BTCBTC+1.48%coin-img-UCNUCN+0.11%coin-img-SOLSOL+0.84%coin-img-XRPXRP-0.02%coin-img-USDCUSDC+0.02%coin-img-ADAADA-1.41%coin-img-PIPPINPIPPIN+5.04%coin-img-ETHETH+1.15%coin-img-BTCBTC+1.48%coin-img-UCNUCN+0.11%coin-img-SOLSOL+0.84%coin-img-XRPXRP-0.02%coin-img-USDCUSDC+0.02%coin-img-ADAADA-1.41%
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Benjamin Njiri

USDe outflows cut Ethena TVL from $14.8B to $7.4B after 10 October crash

After the 10 October market crash, Ethena's TVL dropped from $14.8 billion to $7.4 billion as redemptions from its yield-bearing stablecoin USDe reached $8 billion over two months. ENA slid 62% to below $0.2, yet some traders, including Arthur Hayes, used the decline to accumulate the token.
ENA
ENA+3.88%
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