ENA is the result of a Launchpool-style release on Binance, and some of its holders are users who participated in the launch. What does this mean? Well, it means they're not users who have read about what ENA is for or have faith in the project itself. They're volatile users who actively participate in launches but as soon as they reach a certain price (usually psychological ceilings), they sell the coins to switch back to BNB or FDUSD and participate in another launch.
Now, all this isn't necessarily bad; it strictly follows each trader's personal strategies. There's no need to prejudge or curse those who sell #ENA ... they're just looking beyond the project; they're traders. Each trader seeks their own benefit... 🤑

In this regard, TODAY Binance announced a new Launchpool, so $ENA will face more selling pressure... it's possible that the price will drop; and same situation for other Launchpool's coins such as #ETHFI⁩ #AEVO. and others!

Again, there's nothing wrong with this! I don't want to upset my followers, hehehe, each of us trades with personal strategies. Respect your strategies! Remember not to fall in love with anything! Here, emotions SHOULD NOT come into play! You're here (in the market) to make money! So... let's make money!