Before it was $XRP that was heating up everywhere, now it seems that ENA is getting interesting again, and making my Friday better.
#Ethena TVL has recovered to around $4.4B, while its new $1B FalconX institutional credit facility gives #USDe another potential source of yield beyond the usual basis trade. The market is already reacting. $ENA gained 40%+ in 24h, with trading volume pushing above $800M.
I have been watching the momentum closely, but after a move this large, i decided to look for pull back and i did enter, hit my TP on Bitget and still moving. For anyone trading ENA, Bitget also offers margin and grid trading options to approach volatility differently.
#Ethena TVL has recovered to around $4.4B, while its new $1B FalconX institutional credit facility gives #USDe another potential source of yield beyond the usual basis trade. The market is already reacting. $ENA gained 40%+ in 24h, with trading volume pushing above $800M.
I have been watching the momentum closely, but after a move this large, i decided to look for pull back and i did enter, hit my TP on Bitget and still moving. For anyone trading ENA, Bitget also offers margin and grid trading options to approach volatility differently.