My view on $ENA right now: the story improved, the entry didn't
$ENA is ~$0.274, +4.4% in 24h and +38% on the week, on ~$830M of daily volume. The tokenomics overhaul is real — the Foundation bought out seed investors, monthly VC unlocks are gone, and 95% of protocol revenue is now earmarked for ENA buybacks.
The catch: the buyback doesn't exist yet. It only activates when USDe supply crosses $7.5B — it's sitting near $4–4.6B, roughly 60–85% short. The market is front-running a bid that hasn't switched on.
APEX-FLOW verdict: structural improvement confirmed — the seller-overhang narrative is genuinely cleaner. But buying +78% into the month fails the entry gate, and the final ~1.4B ENA investor unlock lands Oct 5. Watchlist only.
My view: 35/40/25 bull/bear/neutral. Good restructuring, bad price. Let Oct 5 show its hand first.
Not financial advice. DYOR.
#ENA #Crypto #BinanceSquare
$ENA is ~$0.274, +4.4% in 24h and +38% on the week, on ~$830M of daily volume. The tokenomics overhaul is real — the Foundation bought out seed investors, monthly VC unlocks are gone, and 95% of protocol revenue is now earmarked for ENA buybacks.
The catch: the buyback doesn't exist yet. It only activates when USDe supply crosses $7.5B — it's sitting near $4–4.6B, roughly 60–85% short. The market is front-running a bid that hasn't switched on.
APEX-FLOW verdict: structural improvement confirmed — the seller-overhang narrative is genuinely cleaner. But buying +78% into the month fails the entry gate, and the final ~1.4B ENA investor unlock lands Oct 5. Watchlist only.
My view: 35/40/25 bull/bear/neutral. Good restructuring, bad price. Let Oct 5 show its hand first.
Not financial advice. DYOR.
#ENA #Crypto #BinanceSquare