DNA price

This Week’s Alpha Allocation: @ethena_labs • Sector: DeFi Stablecoins • Token: $ENA → Project Insight Ethena (@ethena_labs) is a synthetic-dollar protocol. Its stablecoin $USDe surpassed $6 billion in circulation this week, fueling token demand. $ENA is not just governance, it’s the monetary layer of a DeFi-native dollar system earning real yield via collateral strategies. → Catalyst 1. Fee‑Switch Nearing Activation: $USDe metrics already meet key thresholds; staked $ENA holders (sENA) are poised to begin receiving revenue share. 2. $0.43 ENA Surge: $ENA has rallied +43 % this week, becoming the #2 gainer in top-100 tokens, fueled by fee-switch speculation. 3. $260M Buyback Program: @stablecoin_x (backed by Pantera, Galaxy, Polychain) plans to purchase $ENA using $260M in fresh funds, reducing circulating supply. 4. DeFi Adoption Rising: $USDe passed $6B supply; $750M inflows this week; proof of real-world traction. → Why You Should Buy Now ✅ Revenue Coming Soon: Switch to paying sENA holders is near...this turns $ENA into a yield asset, not just a token. ✅ Shrinking Supply: $260M buyback from $ETH-backed treasury is a structural demand boost. ✅ High-Momentum Entry: After a 43% rally, $ENA still trades at $0.50—well below its $1.52 ATH. ✅ Institutional Validation: Backing by Pantera, Galaxy, and stablecoin treasury funds gives it credibility and runway. → My Price Prediction $ENA is consolidating around $0.50–0.55. • Short-term breakout above $0.60 could open a run toward $0.80. • Mid-term target: $1.00–1.20 once fee-switch activates and institutional demand accelerates. → Rotation Narrative Crypto narratives are shifting; from yield-chasing (L2s, memecoins) to actual income and yield on capital. Ethena lies at the center: a synthetic-dollar protocol delivering on-chain yield + scarcity through revenue share and token buyback. $ENA isn’t a momentum play, it’s the emerging on-chain dividend asset for the new DeFi era.