coin-img-ETHETH+2.34%coin-img-BTCBTC+2.57%coin-img-SOLSOL+11.72%coin-img-XRPXRP+5.26%coin-img-HYPEHYPE+6.28%coin-img-RIOARIOA+0.00%coin-img-USDCUSDC-0.02%coin-img-TAOTAO+10.56%coin-img-ETHETH+2.34%coin-img-BTCBTC+2.57%coin-img-SOLSOL+11.72%coin-img-XRPXRP+5.26%coin-img-HYPEHYPE+6.28%coin-img-RIOARIOA+0.00%coin-img-USDCUSDC-0.02%coin-img-TAOTAO+10.56%coin-img-ETHETH+2.34%coin-img-BTCBTC+2.57%coin-img-SOLSOL+11.72%coin-img-XRPXRP+5.26%coin-img-HYPEHYPE+6.28%coin-img-RIOARIOA+0.00%coin-img-USDCUSDC-0.02%coin-img-TAOTAO+10.56%coin-img-ETHETH+2.34%coin-img-BTCBTC+2.57%coin-img-SOLSOL+11.72%coin-img-XRPXRP+5.26%coin-img-HYPEHYPE+6.28%coin-img-RIOARIOA+0.00%coin-img-USDCUSDC-0.02%coin-img-TAOTAO+10.56%

Ethena Foundation repurchased locked ETHENA tokens from seed investors, ends future monthly unlocks

AI Market Summary
Ethena Foundation's repurchase of locked tokens from seed investors and the agreement to stop future monthly investor unlocks reduces expected sell pressure and improves supply transparency. The planned consolidation of protocol IP/economic value into the foundation also clarifies value capture for the ecosystem. A proposed framework to allocate 95% of net revenue to ENA buybacks after a USDe supply milestone adds a potentially supportive capital-return mechanism.
Impact level
● Medium
Affected assets
ENA/USDT+24.80%
AI Insight · ENA/USDTAI Insight
▲ Bullish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Ethena Foundation said it has repurchased locked ETHENA tokens (contract: ethereum:0x57e114b691db790c35207b2e685d4a43181e6061) from certain seed investors who had previously sold their holdings. The foundation also reached an agreement with lead investors to halt future monthly investor token unlocks. Separately, Ethena plans to assign the protocol's IP and related economic value to the foundation and the broader ecosystem. It is also proposing to allocate 95% of net revenue to ENA buybacks once USDe supply hits a specified milestone.
ETH
ETH+2.40%
ENA
ENA+25.07%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.