Why has the price of $ENA suddenly skyrocketed and surged recently? It turns out that it has created a strategy similar to 'MicroStrategy's ENA version'!
According to official information, ENA, with the help of a company called StablecoinX, has successfully raised 360 million dollars in funding. Among this, the ENA Foundation also donated 60 million dollars in ENA. Of the money raised, 260 million cash is about to be used to buy ENA tokens, and the plan is to complete the purchases within 6 weeks, investing an average of 5 million dollars daily.
Additionally, StablecoinX plans to go public on the US stock market, and they have even pre-planned a stock token called USDE.
Currently, the market is in a bull phase, and with a stable daily buying of 5 million dollars, along with the positive expectation of going public on the US stock market, and the operational model inspired by MicroStrategy, these factors combined explain the truth behind the surge in ENA's price. But how long will this positive news last? That remains unknown!
As for the future trajectory of ENA, I have arranged for the fans on Gen, just wait for the flowers to bloom!
