The Ethena Foundation bought out seed investors who sold after the October 2025 peak as ENA gained 11% and neared a 100% monthly rally. The deal ended the monthly unlock schedule for those investors. A Snapshot vote would direct protocol revenue to ENA purchases after USDe circulating supply reaches $7.5 billion. StablecoinX still holds about 20% of ENA supply under a separate lockup.
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Ethena buys out early investors as ENA nears 100% monthly rally
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