$ENA pumped 48% after Ethena secured a $1B funding facility.

But let's be real — this isn't altseason.

One token pumping on fresh liquidity ≠ market-wide rotation. It's isolated capital flow into a narrative that just got validated.

Watch for:
• Sustained volume across mid-caps
• $BTC dominance breaking down
• Random shitcoins waking up

Until then? This is just smart money front-running the next unlock or yield play. Don't confuse a spike with a season.