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Ethena Foundation Optimizes Tokenomics, ENA Surges Over 15% in a Single Day

BlockBeats News, August 28th - Yesterday, the Ethena Foundation announced four adjustments to the Ethena ecosystem, including repurchasing locked tokens held by early investors, further aligning token value with equity, initiating a governance proposal to buy back ENA from revenue, and canceling future monthly VC investor unlocks.

Following this news, the ENA token surged over 15% in 24 hours, now trading at $0.18855.

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On-Chain Activity

8min ago

A certain HYPE influencer's main long position has been completely liquidated, and they plan to short $34.19 million on the next rally

21min ago

The BIT affiliated address has once again gone long on 6,000 ETH, worth approximately $14.97 million.

2h ago

An address newly created on Fidelity bought 10,170 ETH

2h ago

Multicoin Capital Deposits Over $7 Million into Coinbase Once Again

24H Important News

2026-08-28

XRP Treasury Company Evernorth Receives SEC Confirmation of Effectiveness, Plans to Go Public via SPAC Merger on Nasdaq

Robinhood Coin Stock Meme Coin AI Market Cap Briefly Surges Past $96 million Before Falling Back, Up Over 48% in 24 Hours

OpenAI, in collaboration with over 100 companies including Anthropic, has issued a warning that AI cyber attacks will escalate significantly in the coming months.

Morgan Stanley's Chief Economist Outlook: May Downplay Short-Term Rate Guidance, Elaborate on Long-Term Policy Direction

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