🔥 $ENA is currently the spotlight of #altcoinseason

– The Ethena fund is buying back $260 million in $ENA, equivalent to $5 million per day for 6 weeks.

– This is a huge "pump" that creates continuous buying pressure and pushes the price up significantly.

This is compounded by the new law in the US legalizing stablecoins → @Ethena Labs benefits directly. #ENA just hit ATH 23 weeks, not to mention organizations are targeting it as a stable yield tool.

Arthur Hayes predicts that stablecoins will be widely adopted in TradFi and emphasizes: "Dollar General will stockpile $ENA."