Did Ethena Really Depeg? Here’s What Actually Happened on Binance

Over the weekend, the crypto market went through one of the craziest trading days we’ve seen in a while. Prices were swinging violently, liquidations were everywhere, and suddenly, a new headline started spreading: “Ethena’s USDe has depegged to 68 cents!” Screenshots from Binance flooded Twitter, and panic set in fast. But after digging into the