I just noticed an interesting movement on ENA. Some giant shark just bought tokens worth 20 million dollars, and it's definitely not for nothing. Three hours ago, the same fish made 14 million on Hyperliquid, and now it’s invested in ENA with 27.9 million tokens. Looking at the charts — the price is currently holding around $0.12, although it was higher initially. Over the past 24 hours, it dropped by 7.5%, which is really strange for such attention from major players.

Wait, but there's more. Ethena just announced a buyback of $310 million and a PIPE deal of $530 million. This means the project itself is protecting its asset with real money. When a giant shark moves in along with such news from the project itself, it usually indicates they see potential that we might not notice. Trading volumes of about $3 million per day aren’t as high as before, but liquidity is still there.

Technically, it looks like consolidation. If the price can break resistance above current levels on good volume, a recovery could begin. Of course, the market is volatile, and even such big players sometimes make mistakes. But when a giant shark makes such a move alongside fundamental news, it definitely deserves attention. It’s not guaranteed to skyrocket immediately, but it’s worth watching how the situation develops. The main thing is not to chase the growth if it happens, but to enter cautiously.