$ENA just got a major tokenomics upgrade — and the market is paying attention. Ethena’s $ENA surged 23% in 24 hours to ~$0.17, bringing its gain to roughly 2× in just over a week as the broader crypto market rallies. The catalyst is bigger than price action. Ethena is removing the monthly VC unlock schedule, reducing one of the biggest sources of potential selling pressure. The foundation also bought the remaining locked tokens from certain large seed investors who had sold ENA over the past nine months. More importantly, ENA could gain a recurring demand engine. A proposed fee switch would direct protocol revenue toward programmatic ENA buybacks as USDe reaches supply milestones. Once USDe hits $7.5B, 95% of net revenue from Ethena-branded businesses would reportedly go toward ENA purchases, with 5% allocated to growth. #Altcoin Season# #ENA