#ENA Ethena has recorded impressive growth of 12% in the last 24 hours, now trading at $0.75 with daily trading volumes jumping 122% to $1.48B (CoinMarketCap).
The rally comes after StablecoinX Assets Inc., a validator and infrastructure firm tied to the Ethena ecosystem, secured $530M through private investment in public equity. This funding, announced alongside TLGY Acquisition Corp., follows the $360M round in July, bringing total commitments to a staggering $890M.
🔹 Key investors include YZi Labs, Brevan Howard, Susquehanna Crypto, IMC Trading, Dragonfly, and ParaFi Capital. 🔹 Funds will be used to accumulate over 3B ENA tokens, including discounted locked ENA from Ethena Foundation. 🔹 Ethena Foundation has also launched a $310M buyback program, adding to the earlier $260M, totaling $570M in ENA market support.
With a market cap of $5.16B and TVL of $12.81B, Ethena remains a Top 30 cryptocurrency. This surge highlights investor confidence in Ethena’s capital strength, liquidity strategy, and its mission to solidify USDe & USDtb as key players in the stablecoin ecosystem.
🔥 ENA is positioning itself as a central force in the future of stablecoins.
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Ethena (ENA) Surges 12% Amid Massive $530M Investment Boost
#ENA Ethena has recorded impressive growth of 12% in the last 24 hours, now trading at $0.75 with daily trading volumes jumping 122% to $1.48B (CoinMarketCap).
The rally comes after StablecoinX Assets Inc., a validator and infrastructure firm tied to the Ethena ecosystem, secured $530M through private investment in public equity. This funding, announced alongside TLGY Acquisition Corp., follows the $360M round in July, bringing total commitments to a staggering $890M.
🔹 Key investors include YZi Labs, Brevan Howard, Susquehanna Crypto, IMC Trading, Dragonfly, and ParaFi Capital.
🔹 Funds will be used to accumulate over 3B ENA tokens, including discounted locked ENA from Ethena Foundation.
🔹 Ethena Foundation has also launched a $310M buyback program, adding to the earlier $260M, totaling $570M in ENA market support.
With a market cap of $5.16B and TVL of $12.81B, Ethena remains a Top 30 cryptocurrency. This surge highlights investor confidence in Ethena’s capital strength, liquidity strategy, and its mission to solidify USDe & USDtb as key players in the stablecoin ecosystem.
🔥 ENA is positioning itself as a central force in the future of stablecoins.