$ENA

The ENA token has surged by over 30% recently, driven by discussions surrounding a new governance proposal from Wintermute, a major crypto market maker. The proposal is set to introduce a fee-sharing model that would allow ENA holders to benefit from the revenue generated by the Ethena protocol. This has sparked considerable market interest, resulting in a significant increase in both trading volume and open interest【138†source】【139†source】.

With the price now at $0.51, analysts believe ENA could continue its upward momentum, potentially reaching $1.00 in the near future if the fee-sharing mechanism is approved. However, this rally is contingent on the protocol meeting certain conditions, including specific targets for its stablecoin, USDe, and consistent revenue generation【138†source】【139†source】. Keep an eye on the market, as strong demand and growing confidence in the protocol suggest further gains are possible.