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
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