YEdu(@yashascore):This is still a tiny user base and already producing 6-fig spend days. $ENA has a clear bull case here and its not the card print. It’s that @ethena owns distribution of its own dollar and remember sticky account balances are a different animal from farm deposits. If we get USDe toward the $7.5B area soon $ENA will have a mechanical bid instead of a narrative which will push it all the way to a 1$ mark... h/t to @EntropyAdvisors for the data

YEdu

@yashascore

v2 | Writing uncomfortable truths about money, systems and what we pretend we believe

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YEdu@yashascore

2026.09.21 08:36

This is still a tiny user base and already producing 6-fig spend days. $ENA has a clear bull case here and its not the card print. It’s that @ethena owns distribution of its own dollar and remember sticky account balances are a different animal from farm deposits. If we get USDe toward the $7.5B area soon $ENA will have a mechanical bid instead of a narrative which will push it all the way to a 1$ mark... h/t to @EntropyAdvisors for the data