ENA Team Just Bought 7 Million Dollars Worth Of Their Own Supply
Ethena Labs is signaling maximum confidence. The team just executed a massive $7 million buyback, vacuuming up 25 million $ENA tokens directly from Bybit. This isnt just retail FOMOโwhales are following suit, showing five straight days of heavy accumulation and massive net outflows. They are reducing the exchange supply, setting up a classic squeeze. $ENA is holding key support and the technical indicators are flashing green. If this demand holds, the $0.30 retest is imminent. This is what a real supply shock looks like, even while $BTC consolidates.
Disclaimer: Not financial advice.
#Ethena #ENA #CryptoWhales #SupplyShock #Altcoins ๐ฅ
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