$ENA (Ethena): Currency that turns "trust me bro" into bonds on the blockchain 📜😂

Trades at $0.58, and the $9.66 billion TVL says the world believes in the magic of the USDe stablecoin. Just don't tell them that "Internet Bond" is just a synthetic with yield cafe!

What's new:

- $106 million ENA unlocked (August 5). We're waiting to see if holders "hodl" or run like from FUD.

- RSI 63: The market is as relaxed as an intern in a Monday morning meeting.

- Did you know that USDe uses derivatives? Yes, just like grandpa when he sells stories about gold, but with Arthur Hayes' math.

Remember:

- Risks: If the derivatives go to pot, USDe becomes USDeez-nuts.

- Potential: If it attracts more money than an influencer at a pump, it could reach $12 by the time Elon tweets about it.

Conclusion:

ENA is like an envelope with coffee money at the office: flour in the eye, but who knows how long it lasts?