Why Ethena (ENA) Could Explode 3-4x in the Next 90 Days - The Altcoin Primed for Massive Gains

Ethena's synthetic dollar protocol just flipped traditional finance's playbook—and traders are taking notice.

The Yield Machine: How ENA Bypasses Banking Bottlenecks

While legacy banks offer savings rates that barely beat inflation, Ethena's staking mechanism delivers real yield through delta-neutral strategies. No middlemen, no banking hours—just pure algorithmic efficiency working 24/7.

The Adoption Catalyst: Institutional Inflows Signal Momentum

Major exchanges are listing ENA faster than traditional IPOs, with trading volumes suggesting smart money is positioning early. The protocol's TVL growth tells the story—capital migrates where yields outperform stagnant traditional products.

The 3-4 Month Window: Timing the Convergence

Market cycles wait for nobody. With macro conditions favoring crypto innovation and Ethena's tokenomics hitting critical maturation phases, the setup mirrors previous altcoin explosions before they went parabolic.

Of course, in crypto, even the best protocols can get dragged down by Bitcoin's mood swings—because apparently decentralized assets still haven't decoupled from one whale's tweet.

Catalysts for Ethena

A major bullish driver comes from token buybacks. Ethena has already executed significant buybacks and has acquired 7.3% of ENA’s circulating supply in just six weeks. With $310 million allocated to purchase ENA over the next 6-8 weeks, this translates to $5-7 million in daily buying pressure, which is an enormous figure relative to the token’s market.

To put this into context, it’s equivalent to a $129 billion BTC buy, $30.2 billion ETH buy, or $7 billion BNB buy in terms of market impact. Bitblaze explained that such significant buy pressure creates a scarcity effect that could lift ENA’s price steadily, especially in a market where demand is supported by tangible utility.

Macroeconomic trends also favor ENA. If the Federal Reserve implements rate cuts, yields on T-bills will decline, pushing investors to seek better returns. USDe, with its 7-10% APY and a $12.8 billion supply, becomes an attractive alternative, particularly as the US government’s Genesis Act now prohibits stablecoin issuers from offering direct yields. This regulatory development could channel more capital into decentralized stablecoins like USDe, which WOULD improve ENA’s demand as the governance token.

Looking ahead, Ethena plans to implement a permanent fee switch that allocates a portion of its revenue to continuous buybacks of ENA. Several metrics for this program have already been achieved, including $6 billion in USDe supply, $250 million cumulative revenue, and a $41 million reserve fund.

The remaining catalysts, such as full exchange integration (with OKX expected by November/December 2025) and yield spread alignment, are likely to materialize in Q4. Once these are in place, the analyst believes that ENA’s buyback program will be reinforced, creating a self-sustaining upward price momentum.

Unlocks, Fed Hikes, and Still Bullish?

While risks exist, including monthly unlocks of $180-200 million and potential Fed rate hikes, these do not outweigh the structured bullish setup. Even in a risk-off scenario, ENA’s protocol-backed fundamentals, ongoing buybacks, and macro tailwinds make it a strong candidate for a hold.

In a market where most altcoins lack real moat or revenue, Bitblaze said that ENA has emerged as a strategic play with both immediate catalysts and long-term edge. For investors seeking a project with tangible support and growth potential, holding ENA for the next 3-4 months appears to be a calculated and promising strategy.

Meanwhile, BitMEX co-founder Arthur Hayes, who also happens to be a prominent Ethena investor, said that ENA bears are losing steam, as he flagged $1.50 as a key level, reiterating his bullish stance. Though trading NEAR $0.81, the prediction hints at upside potential and short-seller vulnerability if buying momentum strengthens.