Why have several stablecoin projects seen their prices decline amidst the stablecoin craze? No matter how impressive the collaborations and expansions of $ENA are, they cannot withstand large-scale unlocks. Another struggling counterpart, $USUAL , is in the same boat. A reminder: if the monthly unlock volume of a token reaches or exceeds 1% of the total amount without any heat or buying interest, a drop is inevitable.
This is especially true in a volatile and sluggish market. One must study where the buying interest is amidst continuous selling pressure. If the conclusion is not optimistic, why buy?