<div><h3>Topic Overview</h3><p> ENA (Ethena) rose against the trend during the BTC downturn, with a cumulative increase of about 30% in 48 hours. Its market value and trading volume increased significantly, becoming the market focus of the stablecoin track.</p><h3> Drive logic</h3><p> This round of rise was driven by concentrated buying by whale funds and the market&#39;s expectation that Ethena will enter the field of compliant stablecoins, but the dispersion of chips, the attributes of mining coins and the slow progress of official empowerment have become potential concerns, and short-term capital speculation sentiment is high.</p><h3> Strategic Recommendations</h3><p> It is not suitable for high-risk short-term investors to chase the rise at present. It is recommended that holders take profits in batches when the market is high and wait for a pullback to confirm support. Medium and long-term investors may consider adding positions in batches and be wary of volatility risks brought about by complex chip structures and short-term profit-taking.</p><p style="margin-top: 20px; text-align: center; opacity: 0.4;"><small>AI-generated summary, not investment advice</small></p></div>