The spring of governance tokens for stablecoins has arrived! The NYSE-listed company Mega Matrix has officially announced the establishment of a treasury centered around the Ethena governance token ENA. This essentially tells the world that Wall Street's "smart money" has set its sights on ENA.

As the governance token of the third-largest stablecoin USDe, ENA inherently carries a halo. Now, being publicly "supported" by a U.S. stock company, this narrative is simply perfect. Just think about the previous Bitcoin treasury, the SOL treasury—wasn't each of them a soaring success?

Family, we must keep up with this institutional bull. The current price of ENA is viewed by institutions as no different from cabbage. Open a long position at the current price, with the first target being a breakout of the previous high, and set the stop loss at the daily support level. We must be on this ride.