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Bonk Eco continues to show strength amid $USELESS rally
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Pump.fun to raise $1B token sale, traders speculating on airdrop
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Boop.Fun leading the way with a new launchpad on Solana.
Aylo
"Reflexive $ENA bid coming soon, as the next phase of USDe supply expansion occurs."
Sometimes when you say things they just happen.
ATH for USDe supply.
ATH for ENA loading.
16.7. klo 17.07
Reflexive $ENA bid coming soon, as the next phase of USDe supply expansion occurs.
Converge chain to launch and many protocols are building on top of Ethena.
Fundamentals up and to the right. Price will follow.
18,71K
Share the same view that we have largely exhausted the pool of retail capital available for alt coins.
There is an enormous amount of capital out there interested in being exposed to the stablecoin sector - the DAT company provides that easy access.
9 tuntia sitten
Seems as though the DAT phenomenon is quite divisive, wanted to share some thoughts on why we thought this was a worthwhile pursuit:
5,81K
Solana will keep accelerating.
On a long time horizon the price will follow the fundamentals, as it becomes a great platform for entrepreneurs to launch their businesses.
Tech + distribution. Almost nothing in crypto has both.
Solana does.
$200 again.
22.7. klo 01.18
solana:
- doubling blockspace
- becoming 100x faster — 100ms finality
- adding app-specific sequencing
- eliminating sandwich attacks w encrypted mempool
- reducing validator costs
- doing all of this on the L1 without needing L2s
road to 1M TPS is clear
15,7K
Aylo kirjasi uudelleen
As @thedefivillain has highlighted in his recent thread, a lot of the 'treasury company' vehicles are short term grayscale trust esque plays -
VCs provide their tokens (eth, btc, whatever) which are counted towards the companies 'raise'.
They received stock, which is tradeable a few months later.
The stock trades at a premium to NAV (net asset value) so they dump for multiples on their original 'investment' without actually selling the tokens.
The NAV will then go negative and they'll move onto the next company.
@ethena_labs @stablecoin_x have structured it so that at least $260m of the raise will go to directly buying OFF THE OPEN MARKET AND LOCKING PERMANENTLY.
This is showing faith from the Ethena team in their own token, and creating a flywheel.
NAV premium on the stock (TLGY) will then enable further debt issuance to buy more and so on.
AND THIS IS THE ONLY STABLECOIN TRADFI STOCK BESIDES CRCL WHICH EARNS MORE MONEY INVERSE TO UST YIELDS/FED RATES.
Let that sink in.
9,44K
~8% of circulating $ENA supply about to be bought over the next 6 weeks.
The Ethena Foundation has veto power over any future ENA sales.
Public market exposure, a massive capital injection, and a structured long-term buyer, all at once.
Very bullish for $ENA.
21.7. klo 21.25
StablecoinX Inc. @stablecoin_x has announced a $360 million capital raise to purchase $ENA and will seek to list its Class A common shares on the Nasdaq Global Market under the ticker symbol "USDE", which includes a $60 million contribution of ENA from the Ethena Foundation
Equity markets will now have direct access and exposure to the most important emerging trend in all of finance:
The growth of digital dollars and stablecoins.
To bootstrap its acquisition strategy, StablecoinX Inc. will use all of the $260 million cash proceeds from the raise (less amounts for certain expenses) to buy locked ENA from a subsidiary of the Ethena Foundation.
Starting today, the Ethena Foundation subsidiary (via third-party market makers) will use 100% of the $260 million cash proceeds from the token sale to strategically purchase $ENA across publicly traded venues over the coming weeks, further aligning the Foundation’s incentives with those of StableCoinX shareholders.
The planned deployment schedule is approximately $5m daily from today over the course of the next 6 weeks. At current prices $260m represents roughly 8% of circulating supply.
Importantly, the Ethena Foundation has the right to veto any sales of $ENA by StableCoinX at its sole discretion. Ideally, tokens will never be sold with a sole focus on accumulation.
To the extent StableCoinX subsequently raises capital with the intent of purchasing additional locked ENA from the Ethena Foundation or its affiliates, cash proceeds from those token sales are planned to be used to purchase spot $ENA.
StableCoinX's treasury strategy is a deliberate, multi‑year capital allocation strategy that will enables StableCoinX to capture the enormous value of the secular surge in demand for digital dollars while compounding ENA per share to the benefit of shareholders.
54,94K
USDe supply back at ATH, and up 700M in the last few days.
$ENA on the move and looking to break a key resistance level.
Reflexivity starting to kick in.
16.7. klo 17.07
Reflexive $ENA bid coming soon, as the next phase of USDe supply expansion occurs.
Converge chain to launch and many protocols are building on top of Ethena.
Fundamentals up and to the right. Price will follow.
26K
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