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.