UPDATE $ENA #ENA

🏛 Anchorage Partnership & USDtb Stablecoin

Ethena has partnered with Anchorage Digital to issue USDtb, a GENIUS Act–compliant U.S. dollar stablecoin—with a planned issuance of $1.5 billion. This move has boosted institutional confidence and ENA's market perception

The token surged ~27% following this announcement, riding on bullish analyst outlooks and partnership strength.

💰 Fee‑Sharing Mechanism & StablecoinX Buybacks

A fee‑sharing mechanism within Ethena is nearing activation, with key on‑chain thresholds nearly met. This has supported a price surge of ~43% amid increasing protocol revenue and institutional demand.

StablecoinX is actively buying ENA—allocating ~$5M/day toward a larger $260M buyback initiative—and has raised ~$360M to support token accumulation and pursue potential Nasdaq listing path.

🐳 Whale Accumulation & Exchange Activity

On-chain data shows significant whale behavior: ~1.07 billion ENA left exchanges over the past week and large transfers of ENA (e.g. 13M ENA valued at $7.26M exiting Binance), which has reduced sell pressure and suggested accumulation.

Investor activity by figures like Arthur Hayes (adding millions in ENA tokens) underscores perceived long-term value.