$XRP seems to be bearish, but no one can say if it could happen; ENA on the other hand, is getting interesting again.
#Ethena just approved a proposal to use 100% of net protocol revenue for ENA buybacks, while seed investor OTC buyouts are completed and monthly VC unlocks have been removed.
There’s also strong activity behind it. $ENA has seen around $2B in trading volume, with TVL holding near $4B and backing from the $1B FalconX credit facility.
For me, the key question is whether these changes can turn into sustained demand for #ENA rather than just another short-term pump.
I’ll be watching the price, volume and buyback impact closely. ENA is also among the more actively traded pairs on Bitget, so there’s plenty of liquidity to watch as the market reacts. Will you be taking any trade there?
#Ethena just approved a proposal to use 100% of net protocol revenue for ENA buybacks, while seed investor OTC buyouts are completed and monthly VC unlocks have been removed.
There’s also strong activity behind it. $ENA has seen around $2B in trading volume, with TVL holding near $4B and backing from the $1B FalconX credit facility.
For me, the key question is whether these changes can turn into sustained demand for #ENA rather than just another short-term pump.
I’ll be watching the price, volume and buyback impact closely. ENA is also among the more actively traded pairs on Bitget, so there’s plenty of liquidity to watch as the market reacts. Will you be taking any trade there?
