Odaily Planet Daily reported that the Ethena Foundation issued a statement saying that from July 22 to July 25, its subsidiaries had repurchased 83 million ENA in the open market through a repurchase plan initiated by a third-party market maker.

In addition, according to Ember’s monitoring, after Ethena released the announcement on July 21 that StablecoinX planned to reserve ENA in the treasury, an Ethena project-related address began to transfer out ENA. A total of 150 million ENA (US$77.35 million) entered Binance and Bybit in the five days from the announcement to yesterday.