In a significant market development, Enso (ENSO) futures trading volume on Bitget reached the $100 million milestone in 2025, marking a substantial achievement for both the platform and the token. This surge in open interest reflects growing trader confidence in ENSO's market position despite recent price volatility. The impressive trading activity contrasts with ENSO's dramatic price movement on October 22, 2025, when it experienced a 502.51% drop, falling to $1.513.
ENSO's market performance can be understood through its key metrics:
| Metric | Value |
|---|---|
| Total Supply | 100 million |
| Circulating Supply | 20.59 million |
| All-Time High | $4.903 (Oct 14, 2025) |
| All-Time Low | $1.4552 (Oct 22, 2025) |
| Market Cap | $52.08 million |
| Fully Diluted Valuation | $252.93 million |
The $ENSO token serves multiple functions within its ecosystem, including network gas payments, governance participation, staking rewards, and security maintenance. As a unified chain abstraction layer, Enso integrates multi-chain ecosystems and provides cross-chain operations, positioning itself as a representative project in chain abstraction infrastructure. The substantial futures open interest demonstrates market recognition of Enso's technological value proposition despite recent price turbulence.
In October 2025, ENSO perpetual contracts experienced an extraordinary funding rate surge, reaching 0.1% hourly—significantly higher than typical crypto funding rates. This phenomenon coincided directly with NOAA's Climate Prediction Center confirming La Niña conditions, as detailed in their October 9th ENSO Diagnostic Discussion. The market's reaction illustrates how environmental conditions now influence crypto derivatives trading behavior.
The price action during this period shows remarkable volatility, with ENSO tokens experiencing dramatic swings:
| Date | ENSO Price Range | 24h Change | Funding Rate |
|---|---|---|---|
| Oct 22 | $1.45 - $1.62 | -6.5% | Normal |
| Oct 25 | $1.58 - $2.05 | +14.9% | Elevated |
| Oct 28 | $1.58 - $2.00 | -11.5% | 0.1% hourly |
This funding rate anomaly aligns with CoinGlass data showing that funding rates remained positive for over 92% of Q3 2025, even when contracts traded at discounts. The extreme rate serves as a market correction mechanism, encouraging short positions to balance overextended long interest. Gate perpetual trading platforms registered record volumes during this period as traders rushed to capitalize on or hedge against these unusual conditions, demonstrating how climate-related financial instruments are becoming increasingly significant in crypto markets.
The ENSO market has experienced significant volatility in recent months, culminating in a dramatic shift in trader sentiment. Market data reveals that the long/short ratio for ENSO contracts has reached an unprecedented 2.5 in 2025, indicating a strong bullish bias among traders despite recent price turbulence. This metric represents a substantial imbalance between optimistic and pessimistic market positions.
| Date | ENSO Price | Daily Change | Market Event |
|---|---|---|---|
| Oct 14, 2025 | $4.903 (ATH) | +7.4% | Long/short ratio begins climbing |
| Oct 22, 2025 | $1.4552 (ATL) | -502.51% | Sharp price collapse |
| Oct 29, 2025 | $2.5293 | +28.27% | Long/short ratio peaks at 2.5 |
This remarkable ratio emerges against a backdrop of extreme price action, with ENSO experiencing both its all-time high of $4.903 on October 14 and its all-time low of $1.4552 on October 22. The cryptocurrency has demonstrated extraordinary volatility, with a single-day drop of 502.51% recorded on October 22, followed by a recovery phase showing a 28.27% gain in the 24-hour period ending October 29. Despite neutral ENSO conditions in climate forecasting models, the financial ENSO token continues to attract disproportionate bullish sentiment, particularly as its market capitalization hovers around $252.9 million with just 20.59% of its maximum supply in circulation.
The ENSO options market has demonstrated remarkable growth in 2025, with open interest surging by an impressive 200% month-over-month. This extraordinary expansion signals heightened trader engagement and reflects growing confidence in ENSO's market potential. During this period of significant volatility, ENSO's price movements have created fertile ground for options trading strategies, with the token experiencing dramatic price swings between $1.45 and $4.90 since mid-October.
Market data reveals compelling patterns in ENSO's recent performance:
| Date Range | Price Range | Key Market Indicators |
|---|---|---|
| Oct 14-22, 2025 | $4.90 → $1.45 | Initial decline, ATH to ATL |
| Oct 23-29, 2025 | $1.49 → $2.53 | Recovery phase, +60.34% 7-day growth |
| Current | $2.53 | +28.27% 24h change, $19.9M daily volume |
This dramatic volatility coincides with broader interest in cryptocurrency derivatives markets. The substantial growth in open contracts suggests institutional participants are increasingly entering the ENSO options ecosystem, providing critical market depth and liquidity. As ENSO continues its market development with a circulating supply of just 20.59% of its maximum 100 million tokens, options traders are positioning themselves strategically amid these price discovery phases. The data demonstrates that ENSO has established itself as an emerging focus for sophisticated options strategies in the cryptocurrency derivatives landscape.
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