🔥 $ENA : ETHENA PAY COULD BE THE CATALYST PEOPLE ARE MISSING
Ethena Pay is still early, but the numbers are already getting interesting:
• $4.3M parked in-app from just a few hundred funded users
• Lifetime card spend has reached $1.23M, with September driving most of it
• Daily spending continues to climb while card spend hits new highs
• 75% of USDe on Avalanche is already inside Pay
• Pro/VIP features require locking ENA
And the bigger catalyst may be ahead.
On Oct. 5, the lock-up period ends for 3.03B $ENA, roughly 20% of supply, held as treasury under USDe. Sales still require Foundation approval.
Meanwhile, the fee switch has passed, with buybacks set to begin once USDe’s 14-day average supply reaches $7.5B.
If Ethena Pay continues scaling while USDe adoption expands, $ENA could have multiple catalysts working together.
This story is still early. 👀
Big long $ENA setup again - big profit coming soon
Stoploss : 0.2
Take profit : 0.3 - 0.4 - 0.5 - 0.6 - 0.8 - 1 - 1.2
NFA. DYOR.
Ethena Pay is still early, but the numbers are already getting interesting:
• $4.3M parked in-app from just a few hundred funded users
• Lifetime card spend has reached $1.23M, with September driving most of it
• Daily spending continues to climb while card spend hits new highs
• 75% of USDe on Avalanche is already inside Pay
• Pro/VIP features require locking ENA
And the bigger catalyst may be ahead.
On Oct. 5, the lock-up period ends for 3.03B $ENA, roughly 20% of supply, held as treasury under USDe. Sales still require Foundation approval.
Meanwhile, the fee switch has passed, with buybacks set to begin once USDe’s 14-day average supply reaches $7.5B.
If Ethena Pay continues scaling while USDe adoption expands, $ENA could have multiple catalysts working together.
This story is still early. 👀
Big long $ENA setup again - big profit coming soon
Stoploss : 0.2
Take profit : 0.3 - 0.4 - 0.5 - 0.6 - 0.8 - 1 - 1.2
NFA. DYOR.
