According to BlockBeats, on October 16, top trader Eugene said on his social platform that ENA rose from US$0.28 to US$0.42, and spot buying remained stable and large, indicating that strong buying continued to pour in. From a momentum perspective, this looks healthy. Technically, it has not deviated from the 1-hour trend line since October 10.

“I think ENA is about to break through $0.50.”

Earlier news, Eugene Ng Ah Sio published a long article saying, "Ethena is the fastest growing DeFi product in history. It has expanded the scale of its income stablecoin to 3 billion US dollars in a few months. If ENA cannot become a top 20 token in market value, I will be surprised."