🚨 ENA on the Edge of a Surge! Major Accumulation Begins After Ethena's Treasury Restructuring 🔥

Big waves in crypto! #Ethena has just launched a dedicated treasury management firm named StablecoinX, signaling a strategic leap in DeFi finance. The headline? A massive repurchase of 260 million $ENA tokens roughly 8% of its circulating supply!

🏛️ StablecoinX: Redefining Crypto Treasury Management

While TradFi examples like MicroStrategy’s BTC purchases exist, Ethena is pushing harder. StablecoinX will treat $ENA not just as a token but as a core asset in its treasury model.

🔹 Raised $360M in total

🔹 $260M allocated for ENA repurchase

🔹 $40M for operational reserves

🔹 $60M in locked ENA from the Ethena Foundation

This framework empowers StablecoinX to treat ENA both as capital and investment, giving it a dual-use function rarely seen in DeFi.

📈 ENA’s Price Action: Just Getting Started

Post-announcement, $ENA surged over 1.5% within hours. With a 100%+ gain in the past month, this fresh momentum could be the spark for a sustained rally. With whale attention and tighter supply, ENA may now evolve into crypto’s own “MSTR scenario.”

📊 ENA Per Share: The Innovative Model Core

Taking cues from traditional markets, the model introduces ENA per share a mechanism where increased ENA accumulation boosts share value. Holders benefit passively as treasury strength grows.

🔁 What’s Next? More Buybacks on the Horizon

Ethena hinted at potential future capital raises, which could trigger additional ENA purchases. Fewer tokens on the open market = stronger price floor.

🔍 Conclusion: ENA’s Institutional Leap Begins

This isn’t just a DeFi update it’s a structural transformation. Ethena’s treasury move may reshape ENA’s trajectory, offering stronger price dynamics, institutional credibility, and long-term investor appeal.

➡️ Can ENA become the next Ethereum or Solana-style success story?

Time and treasury will tell.