Goldfish, I almost mistook the daily-fee meter stopping for a completed sell-off.
$ENA : daily fees around 7,900, previous figure around 4.13 million, down 99.8% month over month.
Current price 0.197, down 3.1% on the day, 5.5% off the high.
HL positions around 96.4 million, about 37 million for the day, density 2.6.
The billing has flatlined, but inventory is still there—record a cash-flow halt for now, not a sell-off.
#ENA账单 #Stablecoin structure
$ENA : daily fees around 7,900, previous figure around 4.13 million, down 99.8% month over month.
Current price 0.197, down 3.1% on the day, 5.5% off the high.
HL positions around 96.4 million, about 37 million for the day, density 2.6.
The billing has flatlined, but inventory is still there—record a cash-flow halt for now, not a sell-off.
#ENA账单 #Stablecoin structure