$ENA-USD

Ethena's Foundation bought locked ENA tokens from early investors who had been selling, reducing supply pressure. ENA price rose 10-11%. A vote is open on using 95% of protocol revenue for buybacks if USDe supply reaches $7.5 billion. Investor unlocks end Oct. 5.

Ethena Foundation proposed automated ENA buybacks, funded by 95% of net revenue, if USDe supply reaches $7.5 billion. Current supply is $4-4.6 billion. The plan, part of a restructuring effort, includes OTC buyouts of locked ENA from seed investors and consolidation of upcoming token unlocks. ENA surged 16-23% intraday. The buyback mechanism depends on USDe growth and revenue from its underlying positions.

Ethena Foundation bought locked tokens from seed investors and aligned IP ownership with token holders. Governance votes on routing revenue to ENA buybacks and eliminated monthly VC unlocks. ENA trades at $0.17, with key support/resistance levels and bullish technical indicators.

Ethena's ENA token rose over 20% after the project announced a buyout of locked tokens from seed investors and proposed a buyback plan. The plan could allocate 95% of net revenue to ENA repurchases once USDe reaches a supply milestone. The circulating supply of ENA increased to 88% of its total supply, with the remaining 12% locked.

Ethena, issuer of the $4 billion USDe token, plans to expand into equity perpetuals for yield, expecting real-world asset perpetuals to surpass crypto derivatives in backing USDe within 12-24 months. Equity perp open interest has surged to $6.2 billion, with higher funding rates than bitcoin. Ethena aims to diversify returns after USDe supply fell from $15 billion to below $5 billion.

ENA, Ethena's token, surged 23% in a day, breaking key resistance levels. The Ethena Foundation bought out locked tokens from selling investors, ending future VC unlock overhang. A fee switch vote could direct 95% of net revenue to ENA buybacks once USDe hits $7.5B. ENA is trading at $0.16991, above its 200-day EMA for the first time since earlier this year.

Ethena (ENA) is holding a breakout after months of trading below a descending trendline. Its stablecoin, USDe, has grown to $321.1 million on Robinhood Chain, making up 42% of the network's stablecoin supply. The ENA price is near $0.166, with key support at $0.1655 and resistance at $0.18 and $0.20. On-chain data shows mixed signals, with active addresses declining despite price gains.

Ethena proposes changes to ENA tokenomics, including buybacks using 95% of net revenue once USDe circulation reaches $7.5B, ending monthly VC unlocks, and clarifying economic value distribution. ENA price surged 23% post-announcement, reflecting market optimism.

Ethena's ENA token surged 23% following the foundation's plan to reduce selling pressure. The plan includes ending monthly token unlocks for VCs, buying locked tokens, and accelerating original investor token releases. ENA holders are voting on a fee switch to fund ENA purchases if USDe circulation reaches $7.5 billion. USDe supply has dropped to below $5 billion from $15 billion in October, with Ethena adding institutional partners.

Ethena proposes allocating 95% of net revenue to ENA buybacks once USDe supply hits $7.5 billion. The plan aims to address token supply issues and link protocol revenue to ENA demand. ENA price rose 23% following the announcement. Ethena also plans to end monthly investor unlocks and separate protocol economics from Ethena Labs equity.