🔥 $ENA IS MOVING AGAIN… BUT THERE’S MORE THAN PRICE ACTION 👀

$ENA is back around the $0.20 area, after a strong move that has traders watching Ethena closely. 📈

But the bigger story is what’s happening behind the token:

🟢 ENA Buybacks: Ethena’s fee-switch proposal could direct up to 95% of net protocol revenue toward ENA buybacks once USDe reaches the required supply threshold.

💳 Ethena Pay: The new app is turning USDe into something people can save, send and spend, with the product already live in multiple countries.

🌍 USDe Expansion: USDe and sUSDe recently expanded to TRON, adding another major network to Ethena’s growing ecosystem.

⚠️ But watch October 5: Remaining investor tokens are scheduled to unlock on October 5 after Ethena changed the previous monthly unlock structure. That could become an important supply event for ENA.

So the big question is:

Is $ENA starting a new trend, or are traders getting ahead of the fundamentals? 👀🔥

I’m watching price + volume + buyback progress + the October unlock closely.

Not financial advice. DYOR.

#ENA #Ethena #USDe #DeFi #Crypto #BinanceSquare