$ENA is supposed to be the boring stablecoin yield trade, instead it's up 17% today on real volume with no headline anywhere explaining why.
BTC's actually red on the day. $ENA isn't tracking anything, it's running its own script. been on our radar 41h, up 10% since we first caught it, and today's the sharpest leg yet.
the weird part: on-chain smart money wallets have been quietly pulling $727K out this week while price rips higher without them. longs are stacked into a move with no story behind it and no smart money backing the bounce. I wouldn't be chasing the highs here.
NFA
BTC's actually red on the day. $ENA isn't tracking anything, it's running its own script. been on our radar 41h, up 10% since we first caught it, and today's the sharpest leg yet.
the weird part: on-chain smart money wallets have been quietly pulling $727K out this week while price rips higher without them. longs are stacked into a move with no story behind it and no smart money backing the bounce. I wouldn't be chasing the highs here.
NFA