The largest airdrop distributor, Ethena, recently launched its ENA token on Binance, with Arthur Hayes, the co-founder of BitMEX, expressing confidence in the token's future despite the current market conditions. Hayes predicted that ENA would reach $10, resulting in a significant price increase of over 180% following his endorsement and listing on Binance.

Hayes has a history of accurately predicting cryptocurrency performance, such as with dogwifhat, SLERF, and BONK. His latest prediction on ENA tokens may attract substantial investor interest. The Ethena protocol on Ethereum provides Internet Bonds for savings and a stablecoin called USDe, which is not tied to the dollar but stabilized by blockchain technology and Delta hedging. USDe is created from digital assets, ensuring stability through Ethereum lockups and enabling users to earn USDe rewards in ENA tokens.

Currently, ENA is trading at approximately $0.84, with a notable 28% increase in the last 24 hours and a record-high 24-hour trading volume of around $2.8 billion. Despite the cryptocurrency market's overall decline of 0.7%, with leading cryptocurrencies like Bitcoin, Ethereum, Ripple, and Cardano experiencing price decreases, ENA's performance remains strong. Bitcoin, for example, saw a significant drop from $71,500 to $64,800 in the past week but has since rebounded to around $66,400. Other major cryptocurrencies also saw declines of over 2% within the last 24 hours.