Fundamentals of Coin Circle Projects April:

• $JTO - Wormhole, Parcl, Zeus Network, Kamino Finance, Ionet, Tensor, Drift Protocol and more are gearing up for April token launches

• $ENA – Ethena Labs’ high earnings (from $sUSDe could be considered this cycle’s “Anchor x Luna”

Actively promoted by Arthur Hayes - It is important to consider the growing importance of KOLs

Ethena will add $BTC as collateral, which is expected to accelerate the increase in TVL and be reflected in the $ENA price

• $BICO – Biconomy’s solutions are used by global enterprises including JPMorgan Chase and Mercedes Benz

Jump Capital/Manifold Trading participated as an investor in a recent strategic funding round (possibility of market making)

Although relatively unknown, Biconomy is highly related to Tokenization (RWA)

• $PENDLE - Pendle is the best proxy for Eigenlayer (Eigen-beta)

Pendle Finance’s YT product generates returns multiple times the principal (ETHFI/ENA airdrop)

Stirring fear of missing out (FOMO) in the market, causing Pendle Finance to hit new daily highs in TVL and trading volume

Re-staking projects are preparing for their token launches (Zircuit, Renzo, Puffer, Kelp, Swell, BedRock, etc.)

• $SUI - Sui’s first global conference “Sui Basecamp” is scheduled for April 10-11

Speaker line-up includes global companies including a16z, Visa, VanEck and Red Bull

Similar to Aptos, there are rumors that Sui may announce important catalysts during the conference

• $LUNA - The outcome of the Do Kwon case is expected to be announced in April

If the results are positive or stablekwon X (Twitter) recovers, $LUNA will experience upward momentum