Hold onto your butts, folks, because Ethena just went full Oprah with ENA tokens—”YOU get a buyback! YOU get a buyback!” 🎉 The whole thing smells suspiciously like a billionaire trying to flex on Twitter, but with fewer crypto bros crying in the replies.
Apparently $260 million wasn’t enough to buy happiness, so they’re tossing another $100 million at StablecoinX (which sounds like a mediocre energy drink) and “operational expenses” (read: avocado toast budgets for the dev team).
Pro tip: When someone says “no plans to sell,” it means “we’re totally gonna sell later.” The foundation kept veto rights like your mom “letting” you stay out past curfew. 🙄 And if this works? Spoiler alert: they’re absolutely going to yeet more cash into the market like a drunk WallStreetBets user.
Shockingly, throwing nine figures at something made the price go up. Who could have predicted?! 🙃 Next week: Ethena announces plans to burn money in a pit while screaming “STONKS” and we all pretend it’s genius.
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2025-07-22 03:46