• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Ethena's Founder Buys Back $25 Million in ENA Tokens

Ethena's Founder Buys Back $25 Million in ENA Tokens

user avatar

by Arif Mukhtar

3 hours ago

In a significant show of faith in his project, Guy Young, the founder of Ethena, has made headlines by acquiring $25 million in ENA tokens. This bold move reflects a growing trend among crypto leaders to invest in their own assets, reinforcing confidence in the market, as enthusiastically stated in the publication.

Buyback Trend in Cryptocurrency

This buyback aligns with a broader trend in the cryptocurrency sector, where several companies are opting to repurchase their tokens to bolster investor confidence.

Impact on the Future of Digital Assets

As the market continues to evolve, such strategic moves may play a crucial role in shaping the future of digital assets.

In a notable development, the HYPE token from Hyperliquid surged by 25%, showcasing the increasing interest in DeFi projects. This contrasts with Guy Young's recent $25 million investment in ENA tokens, highlighting the dynamic nature of the crypto market. For more details, see HYPE token surge.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Swiss MP Samuel Kullmann Advocates for Bitcoin in Constitution

chest

Swiss MP Samuel Kullmann is working to incorporate Bitcoin into Switzerland's constitution, aiming to require the Swiss National Bank to hold Bitcoin reserves.

user avatarAndrew Smith

New Partnership Drives Technological Shift in Renewable Energy Sector

chest

A significant partnership has emerged in the renewable energy sector, targeting innovation and expanded market access.

user avatarDavid Robinson

Gate Ventures Acquires ADEN DEX, Transforming DeFi Landscape

chest

Gate Ventures has acquired ADEN DEX, the third-largest decentralized exchange, marking a significant shift in the decentralized finance ecosystem.

user avatarZainab Kamara

ZEC Trading Value Reaches Highest Level in Nearly Four Years

chest

ZEC is currently trading at around 354, marking its highest price in almost four years.

user avatarSon Min-ho

Reid Hoffman Embraces CryptoPunk NFT in Profile Update

chest

Reid Hoffman, cofounder of LinkedIn, updates his public profile image to feature a CryptoPunk NFT, reflecting a growing trend among tech executives.

user avatarAyman Ben Youssef

CryptoPunks NFT Market Shows Resilience Amidst Volatility

chest

The CryptoPunks NFT collection has recently experienced a significant bounce back in market value, with the floor price currently at approximately 3899 ETH (around $98,180). This resurgence indicates a strong appetite for high-end digital art assets, even as the overall NFT market faces volatility.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.