📊 Why $ENA Fair Value Should Be Above $1

Ethena is generating nearly $400M in annual earnings, effectively operating as a “money printing machine” in the DeFi space. With such strong recurring revenue and scalable growth potential, valuing ENA below $1 significantly underprices its earnings power.

In traditional markets, companies with similar income often trade at multi-billion dollar valuations. For ENA, a $1+ price would better reflect its cash flow strength, market dominance, and future growth prospects — rather than treating it like a short-term speculative token.

Bottom line: High, sustainable earnings deserve a high valuation. ENA is no exception. 🚀