$ENA is gaining momentum, and I’m paying closer attention to it on Bitget. With ENA now among the Top 5 trading pairs on Bitget and nearly 2B in trading volume, the increase in market activity is hard to ignore. The move also comes with several fundamental catalysts. Ethena approved using 100% of net protocol revenue for programmatic ENA buybacks, while seed investor OTC buyouts have been completed and monthly VC unlocks have been eliminated. Ethena also continues to have strong institutional backing through the 1B FalconX credit facility, alongside around 4B in TVL. From a trading perspective, I’m watching whether this combination of stronger fundamentals and rising volume can push ENA into a sustained uptrend.