$ENA Fundamentals are undergoing a qualitative change—waiting for the lock-up to be unlocked to get a second chance to board
Last time we chatted on the square about ENA—back on June 18—prices were still around 0.09. Now they’re already near 0.15, and the rise is almost 80%. This round of gains is clearly visible to everyone.
@链上猎豹手记
Now, ENA’s real focus isn’t just that the stablecoin USDE’s volume keeps growing. More importantly, the token itself has connected the logic of capturing value. Currently, the USDE supply is close to $4 billion. If it expands further to $7.5 billion, the governance mechanism will be triggered for ENA repurchases, the scale will keep moving higher, and the repurchase力度 will increase accordingly.
The project itself is also widening its business boundaries. It’s no longer limited to the crypto-native market, and is starting to set up new scenarios such as stock contracts—effectively opening a second growth curve for USDE. Once the seed-round allocation is fully released and selling pressure gradually eases, if USDE expands rapidly again, the fundamental support behind ENA will become even stronger.
#ENA
Objectively speaking, this past month has seen a significant increase, and many positive expectations have already been priced in ahead of time. Going forward, the key is to watch two dates: September 2 and September 5 for large unlocks. If the unlock leads to a short-term sell-off that provides a low entry point, that would be a great opportunity for a second layout. In a bull market, ENA won’t be absent—I maintain this view.
#SK海力士研究在日本合建存储芯片厂
Last time we chatted on the square about ENA—back on June 18—prices were still around 0.09. Now they’re already near 0.15, and the rise is almost 80%. This round of gains is clearly visible to everyone.
@链上猎豹手记
Now, ENA’s real focus isn’t just that the stablecoin USDE’s volume keeps growing. More importantly, the token itself has connected the logic of capturing value. Currently, the USDE supply is close to $4 billion. If it expands further to $7.5 billion, the governance mechanism will be triggered for ENA repurchases, the scale will keep moving higher, and the repurchase力度 will increase accordingly.
The project itself is also widening its business boundaries. It’s no longer limited to the crypto-native market, and is starting to set up new scenarios such as stock contracts—effectively opening a second growth curve for USDE. Once the seed-round allocation is fully released and selling pressure gradually eases, if USDE expands rapidly again, the fundamental support behind ENA will become even stronger.
#ENA
Objectively speaking, this past month has seen a significant increase, and many positive expectations have already been priced in ahead of time. Going forward, the key is to watch two dates: September 2 and September 5 for large unlocks. If the unlock leads to a short-term sell-off that provides a low entry point, that would be a great opportunity for a second layout. In a bull market, ENA won’t be absent—I maintain this view.
#SK海力士研究在日本合建存储芯片厂
