I have put on a $PUMP long here. The technicals now finally aligned with a sentiment bottom, which has never been this washed before. Bullish divergences on the 4 hour chart, after a ~70% drop from highs and ~50% down from ICO price. Let the hated rally to $10b+ begin.

From July 22 to July 25, 83 million ENA have been acquired across public venues under the buyback program initiated by an Ethena Foundation subsidiary, via third-party market makers. Periodic progress updates will be provided as the buybacks are executed.

If you’re sidelined and thinking it’s too late to buy $ENA - read this and you’ll probably change your mind: 1. Regulatory Positioning and Institutional Alignment - @ethena_labs's USDtb, developed with Anchorage Digital, is set to become the first regulated U.S. stablecoin under the GENIUS Act. - Compliance includes mandatory 1:1 treasury backing, strict KYC/AML protocols, and measures against illicit activity. - 80% of USDtb reserves allocated in BlackRock’s BUIDL tokenized treasury fund, reinforcing institutional confidence. 2. Strategic Supply Management and Investor Confidence - Ethena Foundation initiated a $260 million buyback, absorbing roughly 8% of ENA’s circulating supply. - Daily buy pressure of approximately $5 million anticipated over six weeks. - Prominent investor @CryptoHayes accumulated $4.58 million in ENA, signaling institutional confidence. 3. Dominant Stablecoin Market Growth - USDe reached $7 billion circulation rapidly, ranking as the third-largest stablecoin globally. Unique hybrid yield model: - 12% APY via crypto perpetual futures funding rates. Automatic collateral shift to USDtb ensuring a minimum yield floor of 4.25%. 4. Ecosystem Expansion and DeFi Integration - Terminal Finance partnership offers regulated access to yield-bearing assets, achieving $134 million TVL. - Pendle collaboration enables leveraged yield strategies, including significant yield multipliers (up to 55.8x). 5. Revenue Generation and Fee Distribution - Generated $31 million in monthly protocol fees. - Activation of Fee Switch pending major exchange listings (Binance, OKX), providing revenue-sharing to sENA stakers. 6. Market Tailwinds and Competitive Advantage -Stablecoin transaction volumes have doubled Visa’s in 2025, underscoring the growing relevance. - Ethena’s model considered safer than algorithmic stablecoins and more profitable than Circle’s shared-profit structure. - Upcoming institutional-focused blockchain (Converge Chain) expected to enhance scalability and reduce costs. Just look at that spike in sentiment and mindshare, this token’s been getting serious traction lately. Wouldn’t be surprised to see it trading way higher soon. Tagging some Ethena chads: @blknoiz06 @CryptoHayes @gdog97_ @Rewkang @RyanWatkins_ @alpha_pls

I know I've been more quiet about Crypto x AI lately, but am quietly accumulating what we believe are the best application tokens. Thesis unshaken. My best guess post-ETH run: ETH beta (DeFi fundie alts + SPX 6900) --> SOL --> second run on-chain AI Nothing new under the sun.

I know I've been more quiet about Crypto x AI lately, but am quietly accumulating what we believe are the best application tokens. Thesis unshaken. My best guess post-ETH run: ETH beta (DeFi fundie alts + SPX 6900 --> SOL --> second run on-chain AI Nothing new under the sun.

you guys are really gonna bet against this? not me.

$ENA is a future top 10 coin Every time I speak to @gdog97_ I am reminded of this

Ozzie, Hogan, McCann Tough week

Ethena team are really executing at the highest level possible now. Combined with the biggest structural tailwind and narrative this cycle, reaching ATH again is just a matter of time.