Old Black has clearly set his sights on Ethena recently. Within the past week, he has been aggressively adding ENA—buying over $3 million—making it the largest net increase after ETH.
With recent changes to Ethena’s underlying yield sources, along with a series of bullish developments involving “courting” between it and Robinhood Chain, it’s likely that the coin price will pick up recently.
Old Black’s style of trading coins has always been known for its “buy-in—signal—pump—exit” pattern. Previously, with HYPE and WLD, this was the case: from quietly buying in to issuing signals, there was at least a 50%+ surge. I don’t know whether ENA can keep the momentum this time.
$ENA
With recent changes to Ethena’s underlying yield sources, along with a series of bullish developments involving “courting” between it and Robinhood Chain, it’s likely that the coin price will pick up recently.
Old Black’s style of trading coins has always been known for its “buy-in—signal—pump—exit” pattern. Previously, with HYPE and WLD, this was the case: from quietly buying in to issuing signals, there was at least a 50%+ surge. I don’t know whether ENA can keep the momentum this time.
$ENA