$ENA surges 12.5%

#ethena is gaining serious momentum as its Liquid Leverage product surpasses $1.5B in inflows following the Aave integration. Whale activity is up, but low liquidity raises near-term volatility risks.

Key drivers:
• 1B ENA accumulated in August (~8% supply)
• $1.5B inflows into Liquid Leverage
• $USDe captures 6–10% of the derivatives market
• Turnover ratio at 0.18 → thin liquidity
• $77M ENA sent to exchanges (Binance/Bybit)
• Founder aims for 25% market dominance
• Key support: $0.60, watch for hold or reversal