Top trader Eugene: Ethena has developed better than expected in the recent Bull Market and has raised the ENA target position.

On November 23, top trader Eugene posted on social media that the Circulating Supply of USDe is now 3.7 billion coins, an increase of 1.2 billion in the past 6 weeks. During this period, the yield of sUSDe ranged from 10% to 25%. CEX accepts USDe as a recognized Stable CoinCollateral form. Ethena's fee conversion proposal has also been approved, ensuring that sENA holders are the main beneficiaries of the protocol's success. All of these developments have exceeded the expectations of the Bull Market for ENA that I wrote about in my paper 2 months ago, and have readjusted the target price of ENA higher.