RT Crypto Stream (@CryptoStreamHub)$ENA is my largest spot position. Here’s why I like it besides the unlocks:- Fee switch turned on: Ethena is a revenue monster. At some point, revenue will be funnelled into $ENA.- TCO listing: StablecoinX will be listed on Nasdaq in Q4 at the latest, allowing them to accumulate more $ENA.- Rate cuts: Crypto funding rates are inversely correlated with FED funding rates. Ethena’s revenue will increase when the FED cuts.- TradFi FOMO: Circle is a great precedent to gauge dem ...