According to BlockBeats on October 16, top trader Eugene shared on his social platform that ENA has shown strong momentum, with spot buying remaining stable and substantial, as the price surged from $0.28 to $0.42. This consistent inflow of buying activity indicates that the coin is attracting strong interest, with no deviation from the 1-hour trendline since October 10.
Eugene believes that, based on the current technical outlook, ENA is on the verge of breaking through the $0.5 mark. In a previous long article, Eugene Ng Ah Sio emphasized that Ethena is the fastest-growing DeFi product in history, with its stablecoin revenue scaling up to $3 billion in just a few months.
