TREE NEWS reports: Ethena Foundation announced it bought back locked ENA tokens from major seed investors and canceled all future monthly VC unlocks, removing a major supply overhang. It also proposed a governance plan to use 95% of protocol net income for programmatic ENA buybacks, tying token value to protocol revenue. The news triggered a sharp price surge, with ENA rising to $0.189.
Ethena Foundation Buys Back Seed Tokens, Ends VC Unlocks, Proposes 95% Revenue Buyback
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
6h ago
Pineapple Financial to tokenize $10B mortgages on Injective
7h ago
USD AI Tokenizes GPU-Backed Credit for Mid-Sized Borrowers
8h ago
OpenReserve gets preliminary OCC nod for US national bank
9h ago
Robinhood Meme Coin MEME Drops Over 70% in 6 Hours to $36.71M
10h ago
Robinhood Chain Daily DEX Volume Hits $1.69B, Own Users Only 1-2%
11h ago
AMC CEO Aron Calls Robinhood Tokenized Shares ‘Vile’