ENA Surges 12% Ahead of $100M Unlock – Bullish Signal or Sell-Off Incoming? 🔓📉🚀

Ethena’s ENA token is up 12% right before a major $100M unlock, stirring debate across the market.

👀 Ex-BitMEX CEO Arthur Hayes offloaded 7.76M ENA ($4.62M) — could signal incoming sell pressure.

📈 ENA is trading around $0.60 with nearly $900M in daily volume, showing intense interest and deep liquidity.

🏢 Backed by $136.5M in institutional funds, Ethena’s credibility adds weight to the unlock event.

⚠️ Analysts are cautious — expecting turbulence, possible local tops, and broader market reactions.

🔎 On-chain signals suggest Ethereum assets and synthetic stablecoins might feel the heat.

✅ TL;DR: Short-term dips? Maybe. But with strong fundamentals and heavy backing, ENA could be a golden opportunity for diamond hands and dip buyers alike. 💎🔥

📌 DYOR before diving in – not financial advice.

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