Shocking News: Bithumb’s New Token Will Make You Rethink Your Crypto Strategy! 💸

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So, Bithumb has decided to throw Ethena (ENA) into the mix. Yes, you heard that right! Now trading at a jaw-dropping $0.40—because who doesn’t love a bargain? 🤑

And guess what? It’s only available in the South Korean Won (KRW) market. So, if you’re not in South Korea, you might as well be trying to buy a unicorn. 🦄 Users can only deposit and withdraw ENA through the Ethereum network. Other networks? Nope, not invited to this party. 🎉

Deposits and withdrawals were up and running within three hours of the announcement. Actual trading kicked off at 6:00 PM KST on February 25, 2025. The starting price? A cool 536 won. And just to keep things spicy, there were 33 deposit confirmations at the time. Talk about a hot ticket! 🔥

But wait, there’s more! Bithumb is hosting an airdrop event. Trade ENA for two consecutive days, and voilà! You get more ENA tokens. It’s like a crypto piñata, but with less candy and more confusion. 🍬

Now, to keep things fair (because we all know how fair trading can get), Bithumb has put some restrictions in place. For the first five minutes, no buy orders allowed. And if you’re selling, you can’t price it more than 10% below or 100% above the base price. Automatic orders? Only after the first transaction. It’s like a game of Monopoly, but with real money. 🎲

Transactions are only processed through approved exchanges. So, if you’re thinking of laundering money, think again! Deposits from unapproved exchanges? Not happening. Sorry, not sorry! 🙅‍♀️

With Ethena joining the Bithumb family, they’re expanding their crypto offerings while pretending to be the responsible adult in the room. 👩‍⚖️

Now, let’s talk about the ENA token. It’s been on a rollercoaster ride, plummeting by more than 6% in the last 24 hours. But hey, trading volume has surged by over 100%! So, it’s like a bad breakup that somehow leads to a wild party. 🎉

Ethena’s Growth and Recent Funding

Ethena is strutting its stuff as a synthetic dollar protocol on the Ethereum blockchain. It supports a synthetic asset called USDe, which you can create by providing collateral. It’s like a DIY project, but for your finances! 🛠️

Holding the ENA token? You get to be part of the governance decisions. It’s like being in a book club, but instead of discussing novels, you’re discussing crypto. 📚

Ethena has been ranked among the top 15 blockchain protocols for growth in fees generated over the past 90 days. CryptoDiffer revealed a whopping 183% growth in fees, raking in $128 million. That’s a lot of dough! 🍞

And just when you thought it couldn’t get any better, Ethena raised $100 million through a private sale of its governance tokens. These funds will help develop its institutional product, iUSDe, and expand its ecosystem. Because why not take over the world while you’re at it? 🌍

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2025-02-25 18:10