🟢 $616M $ENA Shock Move — Protocol Revenue Explodes, Traders Stay Bearish ⚡

The market just got hit with a bombshell. Ethena isn’t sitting still — a massive $616M ENA transfer just hit the chain, protocol numbers are ripping higher, but traders are stacking shorts like nothing’s happening.

Here’s the breakdown:

🔹 914M ENA ($616M) shifted from Coinbase Prime Custody to a new wallet — internal, but massive.

🔹 USDe protocol on fire → $13.34M fees + $275K revenue in only 1 hour.

🔹 Futures sentiment flips bearish → Bybit funding at -0.0501, shorts flooding in.

👉 This clash is crystal clear: insiders positioning big vs. traders betting on a dump.

✅ Verdict: Ethena’s fundamentals show strength while the crowd stays bearish. That combo often ends the same way — bear trap incoming, ENA squeeze on the table.