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![winter_ree Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1387964645219127297.png) winter ree [@winter_ree](/creator/twitter/winter_ree) on x XX followers
Created: 2025-07-25 19:49:32 UTC

Part 5: SPAC route reduces risks

-ve funding → Larger treasury helps subsidize losses

Sell pressure → Locking XX% of supply reduces float, stabilizes price

Liquidity risk → $ENA can raise equity in tradFi mkts to backstop

Depeg risk → treasury holding = soft peg defense


XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948833013900738719/c:line.svg)

**Related Topics**
[ena](/topic/ena)
[stocks defense](/topic/stocks-defense)
[losses](/topic/losses)
[$ena](/topic/$ena)
[coins defi](/topic/coins-defi)

[Post Link](https://x.com/winter_ree/status/1948833013900738719)