🚨 $ENA’s TVL Collapses 50% – Is This De-Fi’s Next Domino? 📉

Ethena’s Total Value Locked (TVL) has plummeted over 50% since the “1011” event, dropping from $14.305 billion to just $6.551 billion. The core of the issue? Massive outflows from its stablecoin, USDe.

Over $8 billion has been pulled from USDe since October, with a staggering $5 billion exiting *last month alone* – the highest outflow ever recorded. This isn’t just an $ENA problem; it signals a growing risk-off mood across the entire crypto market. 😬

Tightening liquidity and dwindling confidence are hitting Ethena hard, and further withdrawals could seriously threaten the protocol’s stability. Keep a close eye on this one.

#DeFi #CryptoNews #Stablecoins #RiskManagement ⚠️

ENAUSDT

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