$ENA is still pumping
But the Oct 5 unlock is right at the door
Spot is about 0.270
In a day about +9.5%
Intraday high touched 0.281
The low is still at 0.244
Trading volume about $100M
USDe endorsement dragged into Binance bStocks
Then pair with shorting stocks perps to eat funding fees
After that, there are still about 1.4 billion tokens that investors will unlock
The structural story is solid
It doesn’t mean you can blindly chase before the unlock
First, watch who takes the trade above 0.27
If it can’t be held, reduce a little first to cool things down
#spot #ENA #DeFi
But the Oct 5 unlock is right at the door
Spot is about 0.270
In a day about +9.5%
Intraday high touched 0.281
The low is still at 0.244
Trading volume about $100M
USDe endorsement dragged into Binance bStocks
Then pair with shorting stocks perps to eat funding fees
After that, there are still about 1.4 billion tokens that investors will unlock
The structural story is solid
It doesn’t mean you can blindly chase before the unlock
First, watch who takes the trade above 0.27
If it can’t be held, reduce a little first to cool things down
#spot #ENA #DeFi
