In the past month, the supply of the synthetic stablecoin USDe in the ENA ecosystem has achieved an astonishing 75% rise, which is considered a core factor driving the significant pump of the ENA token price. Notably, USDe has become the third largest stablecoin in the market, highlighting its important position in the digital asset space.

However, investors need to closely monitor the upcoming critical moment. On August 5th, approximately 100 million USD worth of ENA (accounting for 2.7% of the total supply) will be unlocked. This could create short-term pressure on the market, causing the ENA price to pull back to the 0.50-0.55 USD range. For confident investors, this could be a potential buying opportunity.

In the long term, the development prospects of ENA are still worth looking forward to. Market analysts predict that ENA is expected to break through the key resistance levels of 0.77 USD and 0.90 USD in the future. This optimistic expectation is mainly based on the strong growth of USDe and the continuous expansion of the ENA ecosystem.

However, investors should bear in mind the inherent high volatility and uncertainty of the cryptocurrency market. It is essential to conduct thorough research and risk assessment before making any investment decisions. The future performance of ENA will depend on various factors, including but not limited to overall market trends, changes in the regulatory environment, and the project's own technological development and application implementation.