What top creators are saying about Ethena(ENA)— Page 3

Was hit extremely hard in the crash, falling 35% on the week and experiencing an 80% price wick down, showcasing severe volatility.

Highlighted as a successful example of generating sustainable yield through basis trades, moving beyond traditional DeFi models reliant on governance tokens.

The author expresses frustration with the current DeFi yield of 8% from the platform, indicating it's an insufficient return.

The core protocol demonstrated resilience and its redemption mechanism held up under extreme market stress, which could be a long-term positive after passing a major real-world test.

The speaker is actively buying this asset, stating 'I bought a lot of Athena,' indicating a bullish conviction despite the broader market's cautious tone.

Mando suggests that ENA is a buy, indicating a potential 'generational run' for the asset, implying a long-term bullish outlook.

Mentioned as one of the easiest coins for recovery after its price was halved from $0.80 to $0.40 during the crash.

While its synthetic dollar USDe briefly de-pegged on Binance, the protocol's mechanics held up on other venues. The protocol also reportedly negotiated 'no ADL' deals with exchanges, a smart move to protect its stability, though it raises fairness questions.

Cited as an example of a token where traders were using 'absurdly high' leverage (5x to 15x long), contributing to an over-leveraged market that led to a catastrophic crash.

Suggested as a potential buy because its underlying asset, USDe, proved resilient during extreme market conditions.

Mentioned as a 'multi-cycle asset' that the speaker is buying on the dip, suggesting a belief in its ability to survive a bear market and thrive long-term.

This was the speaker's largest personal investment during the crash, indicating very high conviction and a strong bullish signal at its current price.

Experienced extreme volatility, retracing -71% in 9 minutes on Binance, prompting a warning to exercise extreme caution.

Considered not to 'look good' as it is losing its mid-range support. The next likely support and potential bounce zone is at $0.38.

Considered a 'picks and shovels' play that could benefit from the overall growth and fragmentation of the stablecoin market by providing white-label services.

A high-conviction bet on the stablecoin growth narrative. The protocol is expected to begin buying back its own tokens, which could create buying pressure and return value to holders.

The chart 'looks terrible' in the short term after a classic topping pattern and appears to be heading for lower prices.

A long setup was presented based on a bounce from multiple support indicators. The initial take-profit target is $0.65, with a potential entry around $0.58.

Cited as an example of an 'endogenous yielding crypto' that will attract users seeking high yields on their stablecoins as the stablecoin market grows.

Arthur Hayes is extremely bullish, calling it the 'best stablecoin narrative' and recommending a long position. A key factor is the protocol's $500 million cash reserve intended for token buybacks.

Arthur Hayes is extremely bullish, calling it the 'best stablecoin narrative' and believes it can supplant USDC. He highlighted the protocol's half a billion dollars in cash for token buybacks as a key reason.

Expresses a strong bullish sentiment on Ethena reaching its all-time high (ATH) again, with a belief in significant upside potential.

The performance of a backtested trading strategy was described as 'amazing,' suggesting its market structure is conducive to technical, momentum-based approaches.

Used as an example of token inflation; despite being a 'darling of this cycle' with a higher market cap, the token price is down 50% from its peak, illustrating how network growth doesn't guarantee price gains for holders.

The growth of new stablecoin mechanisms like Ethena is cited as a key positive indicator and a sign of strong underlying fundamentals in the crypto market.

Mentioned as a partner of Plasma, a project viewed as a strong performer.

Used as a cautionary tale where the token has been 'down only' despite incredible positive news, because early investors who 'front-run' the hype are now selling, overwhelming new buyers.

The discussion highlights a group of protocols that are forming what could be considered the 'mag seven of crypto', which includes Athena (Ethena).

The chart is 'not looking good.' For those stuck in a position, a realistic area to expect a potential bounce is between $0.47 and $0.48.

The chart is described as 'not looking good' after losing a key level. A realistic target for a potential bounce is in the $0.47 - $0.48 range.

Cited as a project that successfully 'captures attention,' a key characteristic for performance in the current market cycle for altcoins.

Identified as a strong altcoin opportunity.

Mentioned as a best-performing asset and a strategically important project in DeFi because it offers a truly decentralized dollar substitute that is resilient to potential regulatory crackdowns or banking crises.

Described as 'ridiculously cheap' at a price of $0.60.

The speaker is 'very bullish' and sees it as a potential 'forefront leader' in the stablecoin space, viewing it as a long-term investment in DeFi infrastructure.

Previously a top-performing token, but short-term sentiment has turned bearish as it is described as being 'out of bullets' after making all its major bullish announcements.

Mentioned as a high-conviction altcoin to add to a 'shopping list' and wait for lower prices to accumulate during an expected market sell-off.

Described as being 'out of bullets' after having already released all its major bullish announcements, indicating a lack of near-term catalysts and contributing to market weakness.

Ethena is a high-growth leader in DeFi yield-bearing stablecoins, but its investment case carries significant macroeconomic risk, particularly a severe threat from a stagflationary environment, which would be an 'utter disaster'.

Partnered with Mega ETH for its USDM stablecoin, with Ethena's USDE being a potential backing asset, indicating a role in new L2 revenue models.

The daily chart looks bearish. If the price bounces, it's expected to face strong resistance at $0.738, which the speaker considers a 'guaranteed short zone'.

Listed as a priority holding to accumulate, mentioned at a price of $0.70.

There is a major concern about a 'massive liquidity line' similar to a pattern seen before a major dump on another coin, which could lead to ENA 'nuking like 40%.'

Identified as a 'nice one to watch for a dip,' suggesting a market-wide dip could provide a favorable entry point for this token.

The trend is slowing down and the asset is likely to become range-bound. A key support level to watch is $0.62.

Considered bearish due to an 'obscene' valuation ($11B FDV vs $28M revenue) and significant historical risk associated with its algorithmic stablecoin model.

Specifically mentioned (as 'Athena') as one of the protocols believed to be among the best performers when SOL runs.

Bullish sentiment as it has lagged the market and dropped into a target 'win entry' zone, making it a candidate for a catch-up pump. A long trade is active with a stop loss below $0.7441.

Presented as a broader blockchain opportunity akin to an early FAANG stock.

Considered a clear 'winner of the cycle' with a team 'executing at the highest level.' It is one of the speaker's largest personal holdings, viewed as a core bet on a winning team.