Ethena and the Rise of USDe

🟢Crypto platform Ethena is rapidly gaining momentum: within a month, the market cap of its stablecoin USDe surged by 75%, surpassing $9.3 billion and making it the third-largest stablecoin after USDT and USDC. At the same time, the ENA token rose by 140%, outperforming nearly all major cryptocurrencies.
🟢This growth is fueled not only by strong demand but also by the launch of StableCoinX — a structure that is reportedly buying millions of dollars worth of ENA daily and preparing for a NASDAQ listing. However, despite the positive developments, significant token unlocks are approaching, which may increase market volatility.