The Reason Ethereum Name Service (ENS) Exploded by 20% Today

According to data from Coingecko, the Ethereum Name Service native token has experienced significant price surges in recent days, gaining over 20% in value within the last 24 hours.

Chart analysis shows that ENS has gained over 42% in price over the past seven days, rising from a low of $22. The price surge accelerated on June 30, leading into July 1. Despite this strong performance, ENS is still trading 62% below its all-time high of over $83.

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