next week will be crazy for $ENA 🚀

The Ethena protocol allocates 20% of all fees to buy and burn $ENA. With daily revenue around $3.1–3.8M, this system spends $0.62–0.76M per day purchasing $ENA. Combined with the $260M SPAC buy back, total buying during the six week period could reach $5.6M per day, resulting

From July 22 to July 25, 83 million ENA have been acquired across public venues under the buyback program initiated by an Ethena Foundation subsidiary, via third-party market makers. Periodic progress updates will be provided as the buybacks are executed.

$ENA is going parabolic, but still needs a 2x to reach ATH. Meanwhile, market cap already flying past ATH 🚀 People finally get it — this ain’t Luna 2.0. Ethena Labs is playing for the big leagues. Top 5 ain’t a dream. It’s a target.

I think we made the right choice

$20B isn't far off☝️

Koreans were bidding $ENA last night They recently used a new slogan for Ethena called: 충돌 없는 루나 (translated: “Luna without a crash”) The hypergambling nature of the korean joe in crypto is something to be studied

Have a great weekend

$ENA

$ENA

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Ethena ranks second in terms of fees 24h

It's always Allah

August was a busy month. Here's what happened Ethena Labs: - USDe crossed $12B market cap, the fastest digital dollar in history to reach this milestone - USDe outpaced all USD assets in notional supply growth - Ethena crossed $500M in cumulative gross interest revenue -

first ethena airdrop to sENA holders, derive has only $37M CAP, together with the first part of the airdrop which was in February, I got 2400$

The planned deployment schedule for $ENA purchases will be as follows: $5m per day if $ENA >$0.70 $10m per day if $ENA <$0.70, or $ENA is down >5% in a 24h period

After a while everyone will say that $ENA was an obvious bet and they would have invested in it if they had dived a bit into the essence of the project, but it will be too late.