Enso is blockchain shortcuts : change in increase in 24 hours

If we look at the data, ENSO is currently experiencing a very momentum driven phase. A price around $2.97 with nearly a 50% increase in 24 hours is not the kind of gradual, healthy appreciation you typically see from long term accumulation this looks more like a sudden liquidity driven surge.

Its 24 hour trading volume is even significantly larger than its market capitalization. That’s a very clear sign that what’s happening is intense trading activity rather than investors quietly buying and holding. Situations like this usually occur when a technical breakout coincides with leveraged traders entering the futures market. Once the price breaks a key resistance level, short positions begin to get liquidated. These liquidations force automatic buy orders into the market, which pushes the price up even faster. It creates a snowball effect the higher the price goes, the more shorts get liquidated, and the stronger the upward acceleration becomes.

In addition, ENSO’s circulating supply is relatively small compared to its maximum supply. That means the tradable float in the market is limited. Tokens with a low float are naturally easier to move. With decent liquidity but limited circulating supply, even moderate buying pressure can produce sharp price spikes. That’s why the swing looks so fast and aggressive.

In terms of classification, ENSO falls into the DeFi infrastructure category. Projects like this typically provide an execution or aggregation layer for other DeFi protocols essentially middleware that helps developers or users optimize transactions and strategies. So it’s not a pure meme coin, but it’s also not a major Layer 1. It’s better described as a small cap DeFi infrastructure token. Assets in this category tend to be highly sensitive to market narratives. When the DeFi sector gains positive sentiment, their price movements can become explosive.

Another important point is the gap between market capitalization and fully diluted valuation (FDV). ENSO’s FDV is significantly higher than its current market cap. This indicates that a large portion of tokens has not yet entered circulation. In the short term, that might not matter much, but over the medium term it can create selling pressure if significant token unlocks occur. So while the price can rise quickly, this structure also allows for sharp corrections.

Naturally, moves like this usually lead to one of two outcomes. If the momentum continues and there is a real catalyst such as a new exchange listing, a major integration, or strong sector wide narrative the price could keep climbing, especially since the market cap is still relatively small. However, if the rally is driven purely by speculation and short liquidations, it’s common to see a substantial retracement once the euphoria fades, sometimes in the range of 20–40% without necessarily invalidating the broader trend.

In short, ENSO surged quickly due to a combination of low float, extremely high trading volume, a technical breakout, and likely short squeeze dynamics. It is a small cap DeFi infrastructure token, which naturally makes it more volatile than large cap coins. Fast moves like this are not unusual in small cap crypto they are part of its inherent character.