The newest addition to Binance Launchpool, $ENA, is generating significant buzz within the cryptocurrency community. Positioned as a synthetic dollar protocol built on Ethereum, $ENA aims to provide a crypto-native solution for money, offering users a versatile and efficient financial tool.

Reports indicate that GSR Markets and Wintermute, prominent market makers, are spearheading the Binance New Coin Mining Project for $ENA. 

In a strategic move, the Ethena project’s multi-signature address recently transferred a substantial amount of ENA tokens to four market-making addresses, representing 3.68% of the total initial circulation. Notably, Amber Group is also speculated to join as a market maker for $ENA.

币安新币挖矿项目 $ENA 做市商为 GSR Markets 和 Wintermute

过去八小时，Ethena 项目方多签地址向 4 个做市地址转移了共计 5250 万枚 ENA，占初始流通总量的 3.68%，具体分配如下
– GSR Markets：3750 万枚
– Wintermute：1500 万枚

做市地址 https://t.co/wpQ1jLZhMi； 本条推特由 #Bitget 赞助 https://t.co/sXcG0AVNqZ pic.twitter.com/PyyhyN8vbW

— Ai 姨 (@ai_9684xtpa) April 2, 2024

The market-making address 0x38e…20a4b received a sizable allocation of 12.98 million ENA tokens, which were subsequently distributed through exchanges within the past three hours. This move signals Amber Group’s potential involvement in driving liquidity and market activity for $ENA.

Top Collaboration For $ENA And Top Exchange Listings

With three market makers potentially collaborating to facilitate market operations, $ENA is poised for an exciting journey ahead. GSR Markets, Wintermute, and Amber Group are each expected to contribute to the liquidity and stability of the ENA market, ensuring a robust trading environment for investors and users alike.

Amber Group 也或为 $ENA 做市商

做市地址 0x38e…20a4b 于 14 小时前收到 1298 万枚 ENA 代币，并在过去三小时内进行交易所分发，其中 HTX 充值地址归属于 Amber

综上， ENA 或有三家做市商联合做市，具体情况如下
– GSR Markets：3750 万枚
– Wintermute：1500 万枚
– Amber Group：1298 万枚 https://t.co/7WkWgNOjTz pic.twitter.com/L1077vYqBP

— Ai 姨 (@ai_9684xtpa) April 2, 2024

In response to the growing anticipation surrounding $ENA, Bitget has announced its plans to list ENA/USDT for spot trading, further enhancing accessibility and visibility for the token. 

New Listing – $ENA @ethena_labs#Bitget will list ENA/USDT with 4,162,500 $ENA up for grabs! #ENAListBitget

Deposit: opened
Trading starts: 8:00 AM, April 2 (UTC)

More details: https://t.co/Z4NNgnoaf7 pic.twitter.com/Jvw3bxKFdz

— Bitget (@bitgetglobal) April 1, 2024

Scheduled to commence at 8:00 AM UTC today, this listing marks a significant milestone for $ENA as it embarks on its journey to become a prominent player in the cryptocurrency space.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: sakchai/123RF // Image Effects by Colorcinch

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Filed under: Bitcoin - @ April 3, 2024 7:22 am