ENA (Ethena): The currency that transforms "trust me bro" into bonds on the blockchain 📜😂

Trades at $0.58, while the TVL of $9.66 billion $ says the world believes in the magic of the USDe stablecoin. Just don't tell them that "Internet Bond" is just a synthetic with a yield cafe!

What's new:

- 106 million $ ENA were unlocked (August 5). We are waiting to see if holders "hodl" or run away like from FUD.

- RSI 63: The market is relaxed like an intern in a Monday morning meeting.

- Did you know that USDe uses derivatives? Yes, just like grandpa when he sells stories about gold, but with Arthur Hayes' math.

Remember:

- Risks: If the derivatives go south, USDe becomes USDeez-nuts.

- Potential: If it attracts more money than an influencer at a pump, it could reach 12$ until Elon tweets about it.

Conclusion:

ENA is like an envelope with coffee money at the office: flour in the eyes, but who knows how long it lasts?