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ENA token rises 10% as Ethena puts revenue-funded token buybacks to vote
cointelegraph.com·about 20 hours ago
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about 13 hours ago
What's your exit if the vote doesn't pass?
about 8 hours ago
The vote passing or failing is irrelevant, the pump already happened, meaning the exit was before the vote, not after.
Funding been negative on ENA for a while now, is it finally flipping positive on this?
about 2 hours ago
Wait so the price jumped just from them *voting* on buybacks, not even actually doing them yet? Is that normal, like does just announcing a vote always move things this much?
Did I sell mine too early or does this keep going up from here?
That close though, no upper wick, just body. Market's not done with this one.
Buybacks mean nothing if the contract lets them mint faster than they buy.
Fair concern, but if the revenue is actually sustaining the buybacks long-term that changes the math a bit compared to the usual smoke-and-mirrors stuff I've seen.
Revenue-dependent buybacks are still just a lever they can pull back the moment numbers shift.