Looks like my call yesterday was right on time—$ENA is dropping some major moves today! Not sure if you guys hopped on yet. The announcement is a bit wordy, but here’s the TL;DR: StablecoinX is rolling out a powerhouse combo of fundraising, exchange listing, ENA token lock-up, and market buybacks—basically building a “Web3 version of a Fed ETF + token buyback mechanism.” This tightly aligns the interests of traditional shareholders and $ENA holders. To put it simply: They've got the cash, and they’re ready to pump. The juiciest part of the announcement: - $260 million in cash on hand - Ethena Foundation’s subsidiary will use third-party market makers to buy $ENA on the open market in daily batches: - About $5 million per day - For roughly 6 weeks - Totaling about 8% of circulating supply (at current prices) So, can $ENA pull off another miracle run from $0.2 to $1.5 this time?

To add, after thinking about it, this is actually different from ordinary cryptocurrency stocks. This is the only stablecoin listed company after Circle. I wonder if it will attract people who miss the pump on Circle to come to fomo. Anna's post gave me inspiration