随着库存和质押激励的飙升，ENA 飙升超过 100%

ENA 是 DeFi 协议 Ethena Labs 的原生代币，自上周空投以来价值飙升，价格上涨了一倍多，达到 1.34 美元。这种升值归因于机构投资者的积极增持，抵消了近期外汇存款的抛售压力。随着 Ethena Labs 宣布“第二季”，为 ENA 质押提供更高的奖励，投资者纷纷从交易所撤回代币参与其中，从而推动了价格飙升。投机兴趣也在上升，ENA 期货的未平仓合约达到 3.72 亿美元，表明交易者看涨前景。

ENA Surges by Over 100% Amid Aggressive Stockpiling and Staking Incentives

在积极的库存和质押激励下，ENA 飙升超过 100%

The native token of decentralized finance (DeFi) protocol Ethena Labs, ENA, has emerged as a notable player in the cryptocurrency market, captivating attention with its remarkable price appreciation.

去中心化金融（DeFi）协议 Ethena Labs 的原生代币 ENA 已成为加密货币市场的知名参与者，以其显着的价格升值吸引了人们的关注。

Since its airdrop last week, ENA has more than doubled in value, reaching $1.34 at the time of writing. The token's surge has been attributed to a combination of factors, including aggressive stockpiling and the announcement of enhanced staking rewards.

自上周空投以来，ENA 的价值增加了​​一倍多，在撰写本文时达到 1.34 美元。该代币的飙升归因于多种因素，包括积极囤积和宣布提高质押奖励。

According to data from Web3 knowledge graph protocol OxScope, institutional investors have been actively accumulating ENA tokens since its launch, offsetting potential selling pressure. The accumulation pace has remained elevated, suggesting a long-term bullish outlook for the token.

根据Web3知识图谱协议OxScope的数据，机构投资者自推出以来一直在积极增持ENA代币，抵消了潜在的抛售压力。积累速度仍然较高，表明该代币的长期看涨前景。

Notably, withdrawals of ENA tokens have experienced a dramatic increase in recent days, particularly over the past two days. This surge is likely driven by investors seeking to capitalize on higher returns offered by Ethena Labs' "Season 2" program.

值得注意的是，最近几天，尤其是过去两天，ENA 代币的提现量急剧增加。这一激增可能是由寻求利用 Ethena Labs 的“第二季”计划提供的更高回报的投资者推动的。

Under the program, users who stake a minimum of 50% of their ENA relative to their synthetic dollar (USDe) holdings will receive a 50% boost on total rewards earned through USDe positions. This incentive has spurred investors to remove their ENA tokens from exchanges and supply them for staking.

根据该计划，相对于其持有的合成美元 (USDe) 持有至少 50% ENA 的用户，通过 USDe 头寸获得的总奖励将获得 50% 的提升。这种激励措施促使投资者将他们的 ENA 代币从交易所中撤出并用于质押。

Speculation has also played a role in ENA's price surge. According to AMBCrypto's analysis of Coinglass data, the Open Interest (OI) in ENA Futures has climbed to $372 million, indicating a large number of bets on its future price action.

投机也在 ENA 价格飙升中发挥了作用。根据 AMBCrypto 对 Coinglass 数据的分析，ENA 期货的未平仓合约 (OI) 已攀升至 3.72 亿美元，表明大量押注其未来价格走势。

More than half of these positions are reportedly long, suggesting traders' confidence in the token's upward trajectory. However, the social frenzy surrounding ENA has waned recently, with discussions on major crypto-focused social groups diminishing.

据报道，其中一半以上是多头头寸，这表明交易者对该代币的上涨轨迹充满信心。然而，围绕 ENA 的社会狂热最近有所减弱，对主要以加密货币为中心的社会群体的讨论逐渐减少。

This could potentially impact the participation of retail investors, who are known to be influenced by social hype in the cryptocurrency market. Nevertheless, ENA's strong fundamentals, including its increasing adoption and utility within the Ethena Labs ecosystem, continue to provide support for its long-term growth prospects.

这可能会影响散户投资者的参与，众所周知，散户投资者受到加密货币市场社会炒作的影响。尽管如此，ENA 强劲的基本面，包括其在 Ethena Labs 生态系统中不断增加的采用率和实用性，继续为其长期增长前景提供支持。

As of this writing, ENA remains a promising cryptocurrency with a solid foundation and a growing community. Its recent price surge and the positive market sentiment surrounding it position it as a token with significant potential for further appreciation in the future.

截至撰写本文时，ENA 仍然是一种有前途的加密货币，拥有坚实的基础和不断发展的社区。其最近的价格飙升以及围绕其的积极市场情绪使其成为未来具有进一步升值潜力的代币。