Let's talk about the reason why $ENA can still rise more than 1 times It is expected that the brakes will not be applied until the 1.2-1.6 position is reached Behind this is a huge yin MAO of a currency market maker group ENA officially hopes that the market will remember the impression of "the first DeFi micro-strategy", in fact, there are also ETH, BNB, TRX, etc., after all, the market value is still quite large, and there are huge guys behind it. But ENA is still relatively not that big, and CMC is ranked 30th now. If it can pull up, it means that every altcoin can apply this model in the future and have a micro-strategy version of the pull. This is like a chain store franchise, and the headquarters is built beautifully, and then it is a full day. Remember these people here, they are the big brothers behind this wave of ENA, and the micro-strategies they participate in in the future may all be good: Dragonfly, Ribbit Capital, Capital, ParaFi Capital, Haun Ventures, Polychain Capital, Galaxy Digital, Wintermute On the one hand, they are actually powerful big brothers, and on the other hand, they are the main force of the cabal after playing this way of playing with clear cards. Specifically, the model of ENA microstrategy has two core points: 1⃣ SPAC listing is simply a shell listing. beauty Stocks are very awesome, allowing a shell company to be listed, there is no business, a group of people can give money to get the company listed first, and then wait for someone to merge/acquire. In this way, companies that want to go public can directly engage in business mergers and acquisitions without going through the process of listing. ENA is merging with a shell called TLGYF to form a new company called StablecoinX Inc. under the ticker symbol "USDE" after listing on Nasdaq. 2⃣ The IPO raised $360 million through PIPE (private equity). Because it is a shell, there is no need to raise funds in the form of compliant bond issuance/debt-to-equity swap like micro-strategy. After getting it, it was clear that 260 million of it was used for repurchase $ENA, and it was an open market repurchase. Therefore, once this simple and convenient model is explored, the currency price is very high, which is cool. After that, many projects can be copied, and this model can be used to guide various project parties to operate, and VC has a place for counseling. No matter how dark you think, you don't need to give so much money to raise funds in private placement. From the perspective of the wave, the very strong B wave turned into 3 waves, initiating a round of new trend at the daily level. Welcome to join the "527 Wave Research Club" to share with you the daily trend judgment, core currency of concern and wave theory knowledge: