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$ENJ This wave of gains feels a bit “ridiculous yet familiar.”
It once reached 4.8 during the bull market, then retraced nearly 99.8%, basically telling the story and resetting to zero. Today, it suddenly surged by +70%, leaving everyone with a puzzled look.
The key is, this rally almost has no substantial catalysts—
No new narratives, no social media buzz, and no obvious activity on-chain,
It’s more like an emotional market driven by leveraged funds stepping on the gas.
In simple terms, small-cap + shallow liquidity,
As long as someone ignites it, it can run for a while;
But the question is—who will take the next step?
This kind of market looks fierce,
But it’s more like “a nostalgic trip for veteran players,”
And a test to see how many people still remember it.
It’s a gain, yes, but it feels more like a last dance before delisting, not driven by fundamentals. #Gate广场四月发帖挑战