๐จ
$ENSO Just
#Crashed 58% Right After Binance Listingโฆ Oversold Gem or Instant Rug? ๐
๐ณ What the hell just happened?
ENSO, the shiny new cross-chain infrastructure token that promised to โconnect all blockchains,โ just faceplanted right after its Binance debut.
It went from a high of $4.63 straight down to $2.41 thatโs a brutal 58% nosedive in a single day.
Traders? Panicking. Charts? Bleeding. RSI? Sitting at 23 deep in oversold hell.
๐ฃ Why the dump?
Classic launch chaos.
Mainnet went live, airdrop hit, and early investors said โthanks for the exit liquidity.โ
Over 20.5M tokens unlocked, 8% inflation, and everyone wanted out.
Volume shot up to 176M USDT, but it was mostly people sprinting for the door.
๐ฏ Still, not all doom and gloom
ENSOโs built on Tendermint, linking big chains like Solana and Sui thatโs solid tech.
Plus, staking rewards drop later this month, and if users start locking tokens, supply pressure could ease fast.
With RSI this low, a relief pump to $3 isnโt crazy talk.
๐ป But letโs be real...
Competition in interoperability is stacked youโve got LayerZero, Wormhole, Axelar all heavyweights.
If ENSO fails to hold $2.30, we could see another ugly leg down to $2 or worse.
This marketโs savage, and Binance listings donโt always mean moonshots anymore.
Crypto in one line?
โOne day youโre trending, next day youโre a bargain bin NFT.โ
So, whatโs your move... buying the dip or skipping the corpse? ๐
#PowellRemarks #BinanceHODLerENSO #BinanceHODLerYB