$ENA
0.1487$
USD · CoinMarketCap snapshot
1. Latest developments
1. ENA buyback mechanism approved
Governance approved the fee-switch proposal on September 2.
Protocol revenue will fund ENA buybacks.
However, buybacks activate only when USDe supply reaches $7.5 billion.
USDe supply was approximately $4.5 billion on November 2. 
2. Investor selling pressure reduced
Ethena bought out certain early investors who had been selling.
Remaining investor token unlocks were accelerated.
Investor tokens are no longer locked since October 5. 
3. Binance hack impact
Around 217.5 million stolen ENA tokens were reportedly sold following the October 29 Binance breach.
This contributed to substantial selling pressure.
#TradFiForBeginners #TetherPlans€28.8MForJuventusCapitalIncrease #BitcoinFiveWeeklyLosses
0.1487$
USD · CoinMarketCap snapshot
1. Latest developments
1. ENA buyback mechanism approved
Governance approved the fee-switch proposal on September 2.
Protocol revenue will fund ENA buybacks.
However, buybacks activate only when USDe supply reaches $7.5 billion.
USDe supply was approximately $4.5 billion on November 2. 
2. Investor selling pressure reduced
Ethena bought out certain early investors who had been selling.
Remaining investor token unlocks were accelerated.
Investor tokens are no longer locked since October 5. 
3. Binance hack impact
Around 217.5 million stolen ENA tokens were reportedly sold following the October 29 Binance breach.
This contributed to substantial selling pressure.
#TradFiForBeginners #TetherPlans€28.8MForJuventusCapitalIncrease #BitcoinFiveWeeklyLosses
