$ENA Good News 🚨 for ENA holders: The Ethena
Foundation has announced the creation of StablecoinX Inc., a new treasury company focused on the Ethena ecosystem, which has raised $360 million in a private investment in public equity (PIPE) deal. This includes a $260 million token buyback program to purchase ENA tokens from the open market over six weeks, at approximately $5 million per day, representing about 8% of ENA's circulating supply. Additionally, $60 million in locked ENA tokens will be contributed to StablecoinX, and $40 million is allocated for operational expenses.
