$ENA Hot Update: ENA Token & USDe Spark Crypto Buzz! #ENA
Ethena’s ecosystem is drawing major attention as its USDe synthetic stablecoin surges in adoption. Meanwhile, the ENA governance token is riding the momentum—but a massive unlock event is looming. Here's what you need to know ⬇️
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🔥 Highlights: USDe Growth & ENA Surge
USDe’s supply skyrocketed, adding over $3.1 billion in just 20 days and propelling its market cap to around $9.3 billion, making it the third-largest crypto stablecoin after USDT and USDC .
ENA token price surged by 7–15% in recent days as community confidence grew .
Total Value Locked (TVL) in Ethena’s DeFi protocol now exceeds $9 billion, showing robust ecosystem participation and staking activity .
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⚠️ Why Investors Should Watch: Token Unlock Incoming
A massive unlock of ENA tokens worth ~$101 million is scheduled this week—likely to trigger short-term volatility .
Large holders, including former BitMEX co‑founder Arthur Hayes, have sold millions of ENA recently, adding potential pressure .
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✅ Why This Matters — Quick Breakdown
Key Point Why It Counts
Explosive USDe growth Deepens liquidity; boosts ENA demand
Token unlock pressure Could cause price swings; high risk
Strong TVL & staking Suggests long-term holder confidence
