$ENA : The good, the bad, and the ugly 💥😤

Hey everyone, let's talk about #ENA . We know there's been a lot of noise about it lately, with some people calling it a "shitcoin" or a "scam." Ouch. 🤕

It's true, the price has taken a massive dive. 🤷 But let's be real, a lot of tokens listed on #Binance this year are in the same boat.📉 It's a tough market out there ($REZ and $OMNI downed >80% from ATH 🤐).

The numbers don't lie:👉 most ENA holders are in the red (97% to be exact🥀). 🤮 And let's face it, even the big fish have cut their losses. 🐋💦

ENA might look good on paper!! but low MC/FDV ratio is also a red flag. 😤 It means there's a lot of pressure when more tokens hit the market. 💻👀

We're keeping a close eye on this, and we'll keep you updated. Let's hope for better days ahead! DYOR! 🤞#Ethena #Altcoins