đ ENA Token Pump â Whatâs Happening?
ENA, the native token of Ethena (USDe protocol), has recently seen sharp price spikes driven by:
đ Whale accumulation (large wallets buying and withdrawing from exchanges)
đ„ Ecosystem growth & announcements
đ° Buyback programs and reduced circulating supply
đ Rising trading volume and market speculation
However, ENA remains highly volatile. â ïž Token unlocks, profit-taking, and overall market weakness can quickly reverse pumps.
Bottom line: ENA pumps are driven by hype + fundamentals, but risk management is key.