🚨🔥 ENA is shaking up the market: Massive token buyback via StablecoinX!
#Ethena launches StablecoinX — a next-generation crypto treasury structure, and immediately conducts a buyback of $260 million ENA from the market (8% of circulation)! This is one of the most aggressive moves in DeFi history.
🏦 What’s happening?
StablecoinX has received $360M in funding:
$260M — for the buyback of ENA tokens from the market
$40M — operational expenses
$60M — locked tokens from the Ethena Foundation
This turns ENA into a treasury asset — similar to MicroStrategy's actions, but with a DeFi token.
📊 Why is this important?
The massive buyback reduces supply, creating scarcity.
The "ENA per share" model is launched — like EPS in the stock market.
The more assets StablecoinX has, the higher the real value of ENA.
📈 The market reacts:
The price has already increased by +1.5% within hours after the announcement.
In a month, ENA has gained over 100%, with a clear increase in interest from whales.
🔮 What’s next?
New rounds of funding and buybacks are possible.
This could trigger long-term growth, similar to Ethereum, Solana, and MSTR.
✅ Conclusion:
Ethena is changing the game. ENA is becoming not just a token, but an investment asset with treasury backing. This is a new era for DeFi — and the beginning of a powerful trend.