Enjin (ENJ) Price Explodes 30% as Short Squeeze Ignites-What’s Driving the Rally?

But here’s the plot twist: it wasn’t good ol’ organic demand that led this rally. No, no, no. That’s far too pedestrian. The real culprit is the notorious short squeeze, fueled by a wave of traders who thought they were being clever but ended up getting trapped in their own bear markets. This surge, in fact, looks like a textbook example of traders getting caught with their proverbial pants down. The funding rate remains deeply negative, even as the price goes up-talk about a classic “I didn’t see that coming” scenario.
