$ENA just ripped +14% on $122M volume while Bitcoin sits flat at $84K.
Ethena is today's standout: +13.78% in 24h on ~$122M of Binance volume — the biggest liquid gainer on the board while ZEC and NEAR bleed (live Binance data).
The driver: Ethena's governance-approved fee switch, which routes protocol revenue into programmatic $ENA buybacks as USDe supply hits milestones. Price just broke a long descending trend and momentum followed.
Now two forces collide. Bulls eye the $0.30 zone — but a ~1.33B ENA unlock lands Oct 5. The alt bid is broad too: $TAO +8.7% and $SEI +5.7% are green while majors stall. Watch whether ENA absorbs that unlock without losing structure.
Korea and Japan desks — chasing this alt bid into the US session, or waiting for Oct 5 to clear?
#Write2Earn #Altcoins #山寨币 #アルトコイン #알트코인
Not financial advice. DYOR.
Ethena is today's standout: +13.78% in 24h on ~$122M of Binance volume — the biggest liquid gainer on the board while ZEC and NEAR bleed (live Binance data).
The driver: Ethena's governance-approved fee switch, which routes protocol revenue into programmatic $ENA buybacks as USDe supply hits milestones. Price just broke a long descending trend and momentum followed.
Now two forces collide. Bulls eye the $0.30 zone — but a ~1.33B ENA unlock lands Oct 5. The alt bid is broad too: $TAO +8.7% and $SEI +5.7% are green while majors stall. Watch whether ENA absorbs that unlock without losing structure.
Korea and Japan desks — chasing this alt bid into the US session, or waiting for Oct 5 to clear?
#Write2Earn #Altcoins #山寨币 #アルトコイン #알트코인
Not financial advice. DYOR.
