No team works harder than @ethena. They've been one of the hardest workers during the market down turn and have focused heavily on core issues that prevented the token reaching it's full potential last cycle. Just this month they conducted a buyout of certain seed investors' locked tokens, alleviated future unlock overhang, proposed fee switch activation which will direct up to 95% of net revenue to 0x57e114b691db790c35207b2e685d4a43181e6061 buybacks, launched their innovative Neobank, and are positioned best to capitalise on when there's strong leveraged interest in crypto majors. 0x57e114b691db790c35207b2e685d4a43181e6061 has plenty of room to move. It'll be obvious in hindsight.
Follow-up post
Evidence timeline
X and Telegram posts, app-native calls and on-chain activity linked to this asset.
An $ENA whale deposited 30M $ENA ($6.98M) into #Binance through #BitGo today after over a year of inactivity. The whale still holds 157.55M $ENA ($36.74M).
ENA whale 0xa554, dormant for over a year, sold another 37.725M $ENA ($9.25M) via #BitGo 12 hours ago and still holds 119.82M $ENA ($29.6M).
An $ENA whale deposited 30M $ENA ($6.98M) into #Binance through #BitGo today after over a year of inactivity. The whale still holds 157.55M $ENA ($36.74M).
渣打银行先后喊单了Uniswap、Aave、Morpho,昨天喊单 0x57e114b691db790c35207b2e685d4a43181e6061 , 目标是2028年2美金。
Whale 0x9a80, who bought 30M $ENA($8.3M) 3 days ago, bought another 7.96M $ENA($1.99M) today.
A newly created wallet, 0xc642, withdrew 18.84M $ENA($4.91M) from #FalconX 11 hours ago.
Whale 0xd0A4 withdrew 18.34M $ENA($5.13M) from #Gate, #Bybit, #OKX and #Binance today.
Trader 0xc8F7 opened a 15x long on 2.15M $ENA ($592K) on @Aster_DEX and is now up $310.7K — a massive 786.54% return!
Ethena gets a lot more interesting when crypto leverage starts heating up USDe is built around delta-neutral hedging, with short derivatives positions helping offset exposure to its backing assets when traders aggressively bid longs and funding turns positive, those short positions can generate additional yield that makes Ethena one of the protocols i’m watching as leverage and risk appetite come back into the market
No team works harder than @ethena. They've been one of the hardest workers during the market down turn and have focused heavily on core issues that prevented the token reaching it's full potential last cycle. Just this month they conducted a buyout of certain seed investors' locked tokens, alleviated future unlock overhang, proposed fee switch activation which will direct up to 95% of net revenue to 0x57e114b691db790c35207b2e685d4a43181e6061 buybacks, launched their innovative Neobank, and are positioned best to capitalise on when there's strong leveraged interest in crypto majors. 0x57e114b691db790c35207b2e685d4a43181e6061 has plenty of room to move. It'll be obvious in hindsight.
It might still too early but I think $ENA Ethena will rise again, hard, at some point
jeanphil looking extremely bullish 🔥 $JEANPHIL early users can claim their share while the allocation lasts. Got it here $PAID $ENA
Degens locked in deep 🔥 $JEANPHIL early users can claim their share while the allocation lasts. Got it here $PAID $ENA