It seems I shouted in time yesterday, and today $ENA has started to take powerful actions. I wonder if you all got on board.

The announcement seems a bit convoluted, but to summarize it in one sentence:

StablecoinX has constructed a model similar to a "Web3 version of the Federal Reserve ETF + token repurchase mechanism" through a combination of financing + listing + locking up ENA + market buybacks, strongly binding the interests of traditional shareholders with the crypto asset $ENA.

To put it more simply: I have money, I want to pump.

The most eye-catching part of the announcement is:

• There is $260 million in cash in hand.

• A subsidiary of Ethena Foundation will buy $ENA in batches daily in the open market through a third-party market maker, with the buyback plan as follows:

• Approximately $5 million per day;

• Lasting about 6 weeks;

• Totaling about 8% of the circulating supply (calculated at the current price).

So, can $ENA replicate the miracle from 0.2 to 1.5 again this time? #稳定币监管风暴 #Strategy增持比特币