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Ethena Foundation Optimizes ENA Tokenomics, Which Surges Over 15% in a Single Day
  • ENA0%
  • ENA+6.6%

BlockBeats News, August 28th - Yesterday, the Ethena Foundation announced four adjustments to the Ethena ecosystem, including a buyback of locked tokens held by early investors, further aligning token value with equity, initiating a governance proposal to buy back ENA from revenue, and canceling future monthly VC investor unlocks.

Following this news, the ENA token surged over 15% in 24 hours, now trading at $0.18855.

Source: BlockBeats

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