📣Hey BTC enthusiasts!🚀 Let's take a break from our beloved

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📣Hey BTC enthusiasts!🚀 Let's take a break from our beloved Bitcoin and turn our eyes to ENA, the native token of Ethena. It's been a wild ride for ENA, with prices plunging to a low of $0.73, the weakest since May 20th. 😱 The biggest ENA staker, who had a whopping 23.24 million ENA, worth around $17.3 million, unstaked their entire holding and sold 19.36 million ENA at a significant loss. Ouch! 😖 This investor initially withdrew the ENA from Binance between April 5 and April 10, when the token was trading at around $1.29. But after the recent sell-off, they're left with only 3.88 million ENA, worth $2.74 million. That's a loss of more than $13 million! 📉 Despite this, ENA hasn't managed a significant rebound, even though its ecosystem is growing. The TVL locked in the Ethena project has been on an upward trend, reaching a staggering $3.44 billion as of June 12th. 📈 The Ethena ecosystem's USDe stablecoin has also seen impressive growth since its public launch. In the first week alone, its supply reached $400 million before eventually surpassing $2 billion barely two months later. 🚀 However, this meteoric rise has raised concerns, especially considering the collapse of the ill-fated algorithmic stablecoin, Terra’s UST. Stay tuned for more updates! 🌐

📣Hey BTC enthusiasts!🚀 Let's take a break from our beloved Bitcoin and turn our eyes to ENA, the native token of Ethena. It's been a wild ride for ENA, with prices plunging to a low of $0.73, the weakest since May 20th. 😱
The biggest ENA staker, who had a whopping 23.24 million ENA, worth around $17.3 million, unstaked their entire holding and sold 19.36 million ENA at a significant loss. Ouch! 😖
This investor initially withdrew the ENA from Binance between April 5 and April 10, when the token was trading at around $1.29. But after the recent sell-off, they're left with only 3.88 million ENA, worth $2.74 million. That's a loss of more than $13 million! 📉
Despite this, ENA hasn't managed a significant rebound, even though its ecosystem is growing. The TVL locked in the Ethena project has been on an upward trend, reaching a staggering $3.44 billion as of June 12th. 📈
The Ethena ecosystem's USDe stablecoin has also seen impressive growth since its public launch. In the first week alone, its supply reached $400 million before eventually surpassing $2 billion barely two months later. 🚀
However, this meteoric rise has raised concerns, especially considering the collapse of the ill-fated algorithmic stablecoin, Terra’s UST. Stay tuned for more updates! 🌐

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