$ENA is starting to look interesting. Ethena has several strong catalysts behind it right now, with governance approving the use of 100% of net protocol revenue for programmatic ENA buybacks. The protocol has also completed OTC buyouts of selling seed investors, while monthly VC unlocks have been eliminated, potentially reducing future sell pressure. On top of that, Ethena has institutional backing through the $1B FalconX credit facility and continues to maintain around $4B in TVL. With ENA also ranking among the Top 5 trading pairs on Bitget, there’s clearly strong trading interest around the token. For me, the key now is how price reacts to these fundamentals. I’m watching for a clean breakout or a healthy pullback before considering an entry. 👀📈 Are you buying $ENA here, or waiting for a better setup? #Altcoin Season# #Macro Insights#