TechFlow news, September 6 — According to on-chain analyst Ai Auntie (@ai_9684xtpa), ENA surged over 13% in 24 hours due to Ethena Foundation's buyback program. The largest Hyperliquid ENA long position at address 0x6b7...c5e9c, holding a 5x leveraged long, has already realized a floating profit of $3.107 million.
The address has been accumulating ENA since July 29 and currently holds 49.18 million tokens (approximately $36.63 million) at an average entry price of $0.6804.
BlockBeats previously reported that early today, Ethena announced an additional $530 million "StablecoinX" PIPE transaction and launched a new $310 million open-market buyback program by its foundation.
Add to Favorites
Share to Social Media
