With Hong Kong introducing new regulatory provisions for stablecoins, the ENA coin has performed remarkably, with its price surging by 13.17% to $0.622, and it briefly reached a historical high of $0.628. In the past 24 hours, the ENA price has risen by 7.45%, showing strong rising momentum. Currently, the total Lock-up Position value (TVL) has reached $9.53 billion, further confirming its market popularity.



However, investors still need to remain vigilant. The upcoming token unlock event on August 6 may affect the price of ENA. A large number of tokens being unlocked may increase market supply, thus putting pressure on the price.

Nevertheless, if ENA can maintain its current pump momentum, it is possible that it could challenge the price level of $0.77. However, considering the high volatility of the cryptocurrency market, investors should be cautious when making decisions and thoroughly assess potential risks.

Overall, Hong Kong's new stablecoin regulatory policy brings short-term benefits to ENA, but the long-term trend still needs to be observed. Investors should closely monitor future token unlock situations and changes in the overall market environment.
ENA5.76%
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GateUser-a180694bvip
· 08-06 08:13
A real man is someone who can afford to play; who cares about what happens next?
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AlgoAlchemistvip
· 08-05 16:51
Unlock and buy, no-brainer All in
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ForkTroopervip
· 08-05 16:49
It's still about fooling people.
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UncommonNPCvip
· 08-05 16:30
Bull, it's all over, no more trading.
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GateUser-5854de8bvip
· 08-05 16:28
They are going to hype and play people for suckers again.
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