๐Ÿš€ #Ethena ($ENA) on the Rise!



ENA has surged 12% in the last 24 hours, now trading at $0.75 with daily trading volume skyrocketing 122% to $1.48B. ๐Ÿ“ˆ

The rally comes after StablecoinX Assets Inc., a validator and infrastructure partner of Ethena, secured an additional $530M through private investment in public equity. โœ… This complements Julyโ€™s $360M raise, bringing total commitments to $890M.

๐Ÿ”น Key Investors: YZi Labs, Brevan Howard, Susquehanna Crypto, IMC Trading, Dragonfly, and ParaFi Capital.
๐Ÿ”น Strategy: Accumulate 3B+ ENA tokens in reserve.
๐Ÿ”น Liquidity Boost: Ethena Foundation has already launched a $570M buyback program to strengthen ENA liquidity.

With a market cap of $5.16B and TVL of $12.81B, Ethena secures its place among the Top 30 cryptocurrencies. Todayโ€™s momentum highlights investor confidence in ENAโ€™s growing role at the heart of the stablecoin ecosystem (USDe & USDtb). ๐ŸŒ๐Ÿ’Ž

#ENA # Crypto #Stablecoin # USDe #USDtb # Altcoins
ENA2.03%
IN-6.14%
RLY-4.95%
PUBLIC-3.06%
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