In 20 days, nearly tripled, what happened to $ENA ?
Starting from July 16, the supply of USDe from Ethena increased from 5.3 billion to 8.5 billion. It's quite astonishing.
Today, ENA rose by 8.6%, priced at 0.66U, close to its recent high. In this round, ENA has nearly tripled in 20 days, and many people have been left behind.
Why?
Overall: 12% high yield subsidy + DeFi big players mining igniting online FOMO sentiment; ENA reserves and buyback igniting a new narrative; Protocols like Aave, Pendle, etc., linking together + KOL promoting expanding dissemination; Major players potentially pre-positioning, retail investors following the trend to the peak.
For those who haven't entered yet, pay attention to: MKR ONDO AAVE
