local stablecoins going vertical on @base every country deserves their currency onchain

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.

The question I get asked the most is: How can we get our attention, or let us "help call the bill"? So I simply put this matter on the table and made it clear. First of all – Bonk Fun's market share has remained above 70%+ for the past 13 days. There is no need to question it anymore, even if we don't push, things can be done, because the market and liquidity are on our side. Secondly - I can see almost everything. I have a lot of network connections behind my back. I communicate with at least 100+ traders on the front line every day, and they recommend various coins to me, scan the market, and ask me for my opinion every day. So it can be said that I have always been very focused and clear about what is happening in the circle, even when I am busy with other work. For new pairs, it was actually difficult for me to publicly "support" them at first, because they didn't really have a community and holder base yet. In the first week, most holders of new coins were short-term traders who went back and forth - they moved in and out quickly. Only when everyone can't speculate casually can we see who is the real core community and who is the one who stays and continues to believe. For example, if I "shout" a new coin when it has a market value of 100,000, it will most likely immediately pull a big bullish candle. But in this big yang line, many people will also choose to ship immediately, because for short-term customers, this is the biggest benefit - they will increase their positions when they rise, and then directly smash the market and leave. As a community leader or CTO, your real job is to make the community something close to a "faith community" – to develop a core group of people who truly believe in the project. With this group of people, you can maximize the use of catalysts such as KOL promotion or our participation. There are already some strong communities slowly taking shape. I also buy some privately (to show low-key support and identity) - if they can continue to grow spontaneously, there will be a chance to apply for our community fund, and then the support will be public. When I say I'm on the front line, that's what I mean. In addition to my own liking for "blind investment" in new coins, I am more observing to see which communities are really building, producing content, gathering loyal holders, and working together to make things happen. Let the old-school gameplay of "hold + believe" (aka PVE) come back.