$ENA has definitely caught my attention lately. The price action has been strong, but I’m more interested in whether the momentum can actually hold. ENA is also one of the pairs I’m watching on Bitget, especially with the increased attention around the token and its recent move. Beyond the chart, Ethena has some interesting developments behind it. The plan to direct 100% of net protocol revenue toward $ENA buybacks could become a meaningful catalyst, while the completed seed investor OTC buyouts and removal of monthly VC unlocks may help reduce supply pressure. With TVL around $4B and solid market activity, there’s plenty to watch. I’m just not convinced this is a move to chase blindly. The next pullback could tell us a lot about the real strength behind ENA. $BTC