Summary
TLDR: Wormhole, Ethena Labs, and Waves are trending in the crypto market. Wormhole’s W token had a significant airdrop but fell in value, Ethena’s ENA token is rising but facing scrutiny for its stablecoin, and Waves is investing in its own tokens but facing volatility and monitoring by Binance.
Key Points
1. Wormhole, Ethena Labs, and Waves are currently the names in the spotlight in the crypto market.
2. Wormhole’s native token, W, gained interest through its Token Generation Event and a substantial airdrop, but has since faced a decrease in value and phishing scams.
3. Ethena’s token, ENA, has seen a significant price increase post-listing, attracting scrutiny from DeFi architect Andre Cronje for potential risks associated with its stablecoin, USDe.