Ethena Foundation revamps tokenomics; ENA jumps more than 15% in 24 hours
AI Market Summary
Ethena Foundation announced token-economic changes including repurchasing locked early-investor tokens, removing future monthly VC unlocks, and pursuing governance to allocate protocol revenue to ENA buybacks, improving perceived supply discipline and value alignment. The market responded with ENA up over 15% in 24 hours, signaling stronger near-term demand and reduced dilution overhang, with potential spillover to broader DeFi sentiment.
Impact level
● Medium
Affected assets
ENA/USDT+19.55%
AI Insight · ENA/USDTAI Insight
▲ Bullish
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BlockBeats reported that on Aug. 28 the Ethena Foundation detailed four updates to the Ethena ecosystem disclosed a day earlier. The measures include buying back locked tokens held by early investors, further aligning token value with equity value, launching a governance proposal to use protocol revenue to repurchase ENA, and ending future monthly unlocks for VC investors. ENA rose more than 15% over the past 24 hours on the news and was last trading at $0.18855.
