ENA Surges 50%! New Stablecoin Play Forces Short Squeeze, Hiding Three Signals of Wealth
In August, ENA skyrocketed over 50%, reaching 0.84USDT in 24 hours, with shorts losing $11 million. The core of this frenzy lies in the breakthrough of the stablecoin USDe and the hidden strategies of the whales!
Three Core Logic of the Surge
Stablecoin Revolution: ENA, as collateral for USDe, attracts funds through institutional access to ARK, BlackRock affiliates + 28% staking rewards, with on-chain staking reaching 4.2 billion tokens, accounting for 21% of the total; Whale Control: A mysterious address bought 320 million tokens in 3 days, with 870 million tokens withdrawn from exchanges, almost nullifying selling pressure; Technical Validation: EMA Golden Cross + OBV hitting new highs, buying power is far from being released.
Risk Alert: On September 5, 53.6 million tokens will be unlocked, accounting for 5% of the circulating supply. If whales cash out, it may trigger a crash.
The madness of ENA is essentially a breakthrough of "volatile asset-backed stablecoins," rewriting DeFi rules.
