The Ethena Foundation issued a document saying that from July 22 to July 25, its subsidiaries have repurchased 83 million ENAs in the open market through a repurchase program initiated by third-party market makers.
It is worth noting that, according to EmberCN monitoring, after Ethena released the announcement that StablecoinX plans to conduct ENA treasury reserves on July 21, an associated address of an Ethena project party began to transfer out of ENA. A total of 150 million ENA (77.35 million US dollars) entered Binance and Bybit in the 5 days from the announcement to yesterday.
Ethena Foundation: 83 million ENAs have been repurchased on the open market
2025-07-27 01:13:16
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