Is Ethena a scam?
Asked about Ethena (ENA), market cap rank #82.
Short answer
Ethena (ENA) is rated BBB on isthiscoinascam.com. This is a high score, indicating low scam risk based on the available data.
Source: isthiscoinascam.com · Updated 2026-06-07
Red flags raised
- Token supply can be minted by the owner
- Public scam allegations have been raised
- Top 10 wallets hold more than 50% of supply
Positive signals
- Refutation of staking-related allegations by Ethena Labs.
- Multiple security audits completed by reputable firms with no critical vulnerabilities identified.
- Active community engagement through various social media channels.
Security audits
2 audits on record.
- Zellic (2024-05-15) — pass
- Quantstamp (2024-06-10) — pass
See the full report
Live price, contract security details, holder distribution, audit list, founder background and community ratings.
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