One of the major cryptocurrency exchanges, Coinbase, has recently announced the inclusion of Ethena's native token, ENA, in its listing roadmap. This decision was made public through a statement posted on X (formerly known as Twitter) by Coinbase Assets. The announcement specifically noted that the ERC-20 contract address for ENA is 0x57e114B691Db790C35207b2e685D4A43181e6061.

Despite the announcement, Coinbase emphasized that the initiation of ENA trading remains conditional upon meeting specific prerequisites. These conditions involve enhanced market-making support and the establishment of suitable technical infrastructure. The exchange committed to issuing a further notification once these criteria are met, ensuring a seamless transition for traders. Currently, ENA is listed alongside QCAD (QCAD) in Coinbase's roadmap, though the list is not comprehensive.

Following the news, ENA's price experienced a notable increase, rising from $0.312 to a peak of $0.338, reflecting an 8.6% appreciation. However, this upward movement was short-lived, as BeInCrypto reported that the price had fallen back to $0.329 at the time of reporting. Concurrently, the trading volume for ENA saw a substantial boost, reaching $254 million within the last 24 hours, which marked a 91.7% increase compared to previous levels. This surge in trading volume suggested a heightened level of market engagement and investor attention.

Such reactions are consistent with past Coinbase roadmap announcements, where similar notifications have typically resulted in price fluctuations. Nonetheless, when compared to other digital assets like TokenBot (CLANKER), doginme (DOGINME), or Freysa AI (FAI), ENA's gains appeared relatively moderate following the inclusion announcement.

The timing of Coinbase's announcement coincides with a pivotal period for Ethena, as over 40 million ENA tokens, equivalent to approximately $12 million, became available for withdrawal earlier on Monday. This event had raised concerns among the community regarding possible selling pressures. Surprisingly, contrary to these apprehensions, ENA maintained stability post-unlock, with BeInCrypto noting only a 1% decline in its value.

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