X @Ansem

Market Trends & Stablecoin Dynamics - Ethena (ENA) chart confirms weekly breakout of multi-month consolidation, indicating potential upward price movement [1] - TradFi (Traditional Finance) is increasingly recognizing the potential of stablecoins, enhancing Ethena's accessibility [1] - Ethena stands out by offering 10%+ yields on billions in Assets Under Management (AUM) within the stablecoin market [1] Buyback Program & Supply Impact - Ethena Foundation has committed to a $260 million open market buyback of ENA [1] - The $260 million buyback represents approximately 8% of the circulating supply of ENA [1] - This buyback translates to a consistent and predictable demand of $5 million [1]