- Upbit lists ENA, improving liquidity.
- ENA price surged 19.27% post-listing.
- ERC-20 token support ensures Ethereum network activity.
South Korea’s largest cryptocurrency exchange, Upbit, has listed Ethena’s token ENA with trading pairs against KRW, BTC, and USDT. Trading commenced on July 11, 2025, at 5:00 PM KST.
Upbit’s decision to list ENA is poised to enhance market traction for the token, evidenced by a notable price surge. The listing underscores a strategic move to bolster ENA’s presence in the Korean crypto market.
Upbit, operated by Dunamu, launched ENA trading with KRW, BTC, and USDT pairs at 5:00 PM KST. The official statement reminded users of the correct contract address for ENA transactions.
The listing of ENA immediately affected its price and liquidity. ENA saw a 19.27% price increase, indicating positive market reception. Ethereum activity may rise, given ENA’s exclusively ERC-20 network support.
The Chinese cryptocurrency market observed increased trading volumes, reflecting investor confidence. Upbit’s continual additions of emerging tokens showcase its commitment to being a major platform for digital assets.
ENA’s listing outcome mirrors other recent Upbit listings, such as Hyperlane and Babylon. Each event triggered short-term price increases, suggesting a pattern that may continue with future token additions.
Industry observers anticipate further momentum for ENA amid steady trading volume and Ethereum network participation. Cryptocurrency analysts will likely assess ongoing market trends and potential implications for future trading strategies.
“Ethena’s native token ENA surged 19.27% following the Upbit listing announcement, spiking from roughly $0.327 to $0.390 before retracing to $0.357 shortly after, still up nearly 10% intraday.” — Financial Analyst, Mitrade
