📉 Ethena (ENA): From $1.32 to $0.24 — What Just Happened?

ENA has dropped hard — over 80% from its peak.

From hype to fear, this move shook a lot of holders 😮‍💨

But in crypto, price drops don’t always mean project failure — sometimes they mean sentiment reset.

🔍 Why ENA dumped so heavily:

• Early investors & airdrop receivers took profits

• Market-wide risk-off sentiment

• High expectations cooled down fast

• Unlock pressure & short-term traders exiting

💡 What hasn’t changed:

✅ Ethena is still building USDe

✅ Real-yield + synthetic dollar narrative is alive

✅ Strong VC backing & active development

✅ One of the most innovative DeFi models

⚠️ The Reality Check:

ENA is not a “safe” token.

Complex hedging, market dependency, and unlocks mean volatility is part of the game.

📊 Investor Mindset:

• Panic sellers exit at lows 😓

• Smart money watches structure & fundamentals 🧠

• Long-term believers scale in slowly, not all at once

💬 Final Thought:

From $1.32 to $0.24 hurts — but the real question is:

Was ENA overvalued before, or undervalued now? 🤔

💬 Community Question:

Are you accumulating ENA at these levels, holding, or completely out? Comment below 👇

#Ethena #ENA #DeFi #CryptoMarket #Altcoins #BearMarket