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ENA surges 11% against the trend, Meme crashes across the board—where is the money in a bear market actually flowing?
Today the market is all green: BTC -1%, ETH -0.5%, PENGU -4.36%, FARTCOIN -3.91%, BONK -2.17%. But ENA (Ethena) skyrocketed 10.98%, standing out alone.
Why? Ethena's USDe synthetic dollar survived the GENIUS Act regulatory storm and has become the "most successful gray area."
As Meme funds withdraw to stablecoins to wait and see, a protocol that can give you stablecoin yields naturally becomes a safe haven.
The question is: is this smart money's choice, or another narrative bubble?
Which do you choose?
A. Ethena is a safe haven in a bear market, USDe logic is solid
B. It rose too fast, chasing the high will get you killed
#ENA #Ethena #DeFi