$ENA

#ETH $ENA Based Tomorrow's TGE!!!! The airdrop catcher tool 1.0 has added the Based airdrop reward data!!! https://airdropzone.cn/ena.html Copy the tool address and open it in your wallet. After logging in, all data will be automatically retrieved and calculated.

Based Tomorrow's TGE will primarily trade on Hyperliquid and has also logged into Coinbase and Binance Alpha.

Based positions itself as a SuperAPP, with its main business being the settlement layer based on Hyperliquid, building a super frontend for both mobile and desktop. Currently, it contributes 2% of the total trading volume, peaking at over 10%. It also encompasses businesses like Polymarket and HyENA, and is expanding towards on-chain payments for AI Agents.

I tend to classify it as a Broker. As a project that consistently ranks in the top three of Builder Codes across various data, Based's TGE performance can largely indicate how the market is pricing Brokers and even the Terminal sector. Currently, pre-market and forecast expectations are concentrated around a FDV of 75~100M.

The token will allocate 24% of the total supply as an airdrop at TGE, with an additional 7.5% given to sENA holders. The chip structure is quite dispersed, so the team has introduced a pre-staking plan to mitigate selling pressure at the opening to some extent.

To my recollection, this is the first project built around the Hyperliquid ecosystem that also synchronously launched on Binance Alpha and other major exchanges on the first day. I think a relatively interesting trading opportunity tomorrow lies in observing whether there are cross-chain and cross-exchange arbitrage opportunities.
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