$ENA ENA Coin 🪙 powers the Ethena Protocol 🌐, aiming to create synthetic dollars (USDe) 💵. USDe is delta-neutral 🧮, backed by crypto futures 🔄 and liquid staking tokens 📈. ENA holders 👫 participate in governance 🗳️, staking 🔐, and decision-making 🤝. The ecosystem offers sUSDe ⚡—a yield-bearing stable asset—but yields 📉 have dropped as markets evolved. Massive token unlocks 🔓 often trigger price volatility 📊, with whales 🐋 influencing trends. While ENA shows innovation 🌟, critics warn ⚠️ of Terra-like risks. As Ethena grows 🚀, careful monitoring 👀 of unlocks, yields, and governance is crucial 🧐 for investors.