Ethena Foundation takes action directly: repurchases ENA, cuts VC monthly unlocks, and the coin price surges more than 15% in a single day!
Officially announced four major adjustments, and the market instantly blew up:
Repurchase to lock in early investors’ tokens
The acquisition of seed-round investors’ ENA has been completed for certain parties. These investors have still been selling tokens over the past nine months, but now the Foundation has taken them over directly. Tokens and equity are fully aligned
The Foundation and Ethena Labs have reached a “Master Framework Agreement”: all intellectual property and value generated under the agreement belong to the Foundation, governed by ENA holders. Equity investors in Labs no longer enjoy residual cash flows. Start revenue buybacks of ENA
All net revenue from every business line will be used to programmatically repurchase ENA. The proposal has been approved by the risk committee and is live immediately. Cancel future VC monthly unlocks
Reached an agreement with major investors to release unvested tokens, eliminating the sell-pressure from future monthly unlocks. Team tokens remain locked as originally planned.
After the news broke, ENA jumped more than 15% within 24 hours, currently around $0.18855.
This isn’t a typical good headline—it’s like dismantling two huge obstacles at once: “early investors dumping” plus “VC unlocking month by month.”
What really determines whether ENA can keep rising afterward is whether revenue buybacks can be sustained and delivered consistently.
Officially announced four major adjustments, and the market instantly blew up:
Repurchase to lock in early investors’ tokens
The acquisition of seed-round investors’ ENA has been completed for certain parties. These investors have still been selling tokens over the past nine months, but now the Foundation has taken them over directly. Tokens and equity are fully aligned
The Foundation and Ethena Labs have reached a “Master Framework Agreement”: all intellectual property and value generated under the agreement belong to the Foundation, governed by ENA holders. Equity investors in Labs no longer enjoy residual cash flows. Start revenue buybacks of ENA
All net revenue from every business line will be used to programmatically repurchase ENA. The proposal has been approved by the risk committee and is live immediately. Cancel future VC monthly unlocks
Reached an agreement with major investors to release unvested tokens, eliminating the sell-pressure from future monthly unlocks. Team tokens remain locked as originally planned.
After the news broke, ENA jumped more than 15% within 24 hours, currently around $0.18855.
This isn’t a typical good headline—it’s like dismantling two huge obstacles at once: “early investors dumping” plus “VC unlocking month by month.”
What really determines whether ENA can keep rising afterward is whether revenue buybacks can be sustained and delivered consistently.
