Ethena Foundation buys out selling investors as 95% revenue buyback goes to a vote
The
@EthenaFndtn acquired the locked tokens of major investors who sold any ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 after the October 2025 peak, and remaining investor unlocks accelerate to October 5, ending the monthly schedule. Team tokens stay on their original vesting.
A governance vote now underway would send 95% of net revenue to programmatic ENA buybacks once a ethereum:0x4c9edd5852cd905f086c759e8383e09bff1e68b3 supply milestone is hit, and protocol IP and upside would go to the foundation rather than shareholders of developer
@ethena Labs, under a framework due in October. ENA jumped 22.67% to $0.169 following the announcement.