Ethena Foundation: Has Repurchased 83 Million ENA Tokens on the Open Market

News, July 27th, the Ethena Foundation stated in a post that from July 22nd to July 25th, its subsidiary initiated a buyback plan through a third-party market maker to repurchase 83.00 million $ENA tokens on the open market.

Of note, according to EmberCN monitoring, on July 21st, after Ethena announced the StablecoinX plan to establish an $ENA treasury reserve, an address associated with an Ethena project team member started transferring out ENA. A total of 150.00 million $ENA ($77.35 million) was transferred to Binance and Bybit within 5 days from the announcement until yesterday.