Ethena's ENA Tumbles 11% Following September US CPI Release

Key Facts

1ENA fell 11% to $0.1862 following the release of the September Consumer Price Index (CPI) data.

2The September CPI rose 3.7% on a year-over-year basis.

ENA fell 11% to $0.1862 following the release of the September US Consumer Price Index (CPI) data. Tokenpost reported that the cryptocurrency touched a 24-hour low of $0.1829, coinciding with the broader market reaction to the latest macroeconomic indicators.

The September CPI rose 3.7% on a year-over-year basis, highlighting persistent inflation levels. While price declines for ENA were observed prior to the official release, the downward movement intensified as investors processed the inflation data, which contributed to heightened volatility across digital asset markets.