Why has ENA recently risen? It's really not that complicated.

If you insist on talking about how strong the technology is or how impressive the logic is, I think it's unnecessary to bring that up; the current market is simply—whoever is popular, whoever is new, whoever is making moves, whoever will rise.

The reasons for this wave of increase can be summarized as follows:

1. Korean Upbit listed it.

You know how fierce those Upbit people are; once it goes live, regardless of what coin it is, funds are ready to pour in. Koreans are aggressive with coins, we don’t want to compete with them, but we can still benefit from the leftovers.

2. Big players are entering to buy the dip.

Arthur Hayes (the guy who used to run BitMEX) bought several million dollars worth of ENA, and some institutions have taken ENA away—not smashing it on the exchange, but transferring it out to hold. This kind of activity is easy to understand in the market: it has the feel of insider action, and the price pump is about to start.

3. This coin isn’t pure vapor; the project is solid.

It's not that it’s exceptionally strong, but at least it’s not one of those coins that skyrockets 50 times in a day and then nobody picks it up. The team behind it, Ethena, is involved in stablecoins and previously had quite high revenues, so there are many willing to jump on board.

4. Most importantly: the market has been active these days, and everyone has started moving.

When Bitcoin rises, the entire market’s rhythm picks up, and ENA just happens to be speculated upon, with funds concentrating, so the price naturally jumps up.

But now, can you chase it?

To be honest, I wouldn't advise rushing in too aggressively. You can try a small position, but don’t go all in,

because at this point—everyone wants to smash in and buy from you.

Think about it, those who bought at a low price and see it double, who wouldn’t sell? They’re just waiting for that FOMO to jump in and grab the knife.

Don’t be fooled by phrases like "it will keep rising" or "it will soon take off to a dollar"; while it can rise, if you want to earn that "safe money," it’s better to wait and see how it plays out, to see if it doesn’t drop back down before making a move.