Thinking of buying $ENA ? Read this first 🧵👇
1/ ENA is down ~90% from its ATH
Now trading near $0.10
2/ Why people are still interested:
• Ethena’s USDE model is unique
• Strong DeFi narrative
• Yield attracts liquidity
3/ The risks:
• Token unlock pressure
• Market sentiment still weak
• Relies on funding rates staying positive
4/ Bottom line:
ENA could either:
📈 Explode next cycle
📉 Or stay suppressed for months
Choose wisely.