Don’t Be Fooled by Hype: The Real Story Behind ENA Supply” 🚨🚨

If we talk about the Ethena coin, which is also called ENA in short, people get fooled very easily. What surprises me is that they don’t want to learn anything themselves. They just take random guesses and believe whatever they hear from others.

Investing in any coin without understanding supply and demand is also foolish.

When $ENA was launched, its circulating supply was only 2.1 billion. After launch, if you look at it now, about 8.49 billion tokens are circulating in the market. And still around 7.5 billion more supply is yet to be unlocked.

If we talk about the current price, the coin is trading around $0.10 right now.

As I mentioned in my last post that Bitcoin looks like it could drop to $52K, you will also likely see a drop in ENA.

If someone has already bought it at a very high price, then there is only one option for them: keep doing DCA (Dollar Cost Averaging) so their average buying price can come down.

For those who are new to crypto and don’t know much, I would just say: be patient, the price will most likely drop further.

And ENA is already unlocking new supply every month, so it is very difficult for it to stay stable. The selling volume is higher than the buying volume, so it’s better to be patient and buy from a good price level.

According to me, ENA should drop further to around $0.07–$0.08.

If anyone wants guidance then they can let me know.