Ethena: Seed Investor Buyout and Revenue Buybacks

Ethena Foundation completed a buyout of locked tokens from major seed investors who sold ENA in the past nine months while aligning IP ownership exclusively with token holders through a new Master Framework Agreement.

Governance now votes on the fee switch that routes all net revenue into programmatic ENA buybacks, and monthly VC unlocks have been eliminated to remove future overhang.

At $0.17, ENA trades inside its Bollinger band with upper resistance at $0.18 and lower support at $0.13; the 50-EMA at $0.14 and 200-EMA at $0.11 act as layered long-term floors while MACD golden cross at 0.01 keeps the 4h trend bullish and RSI at 60.42 leaves room before overbought conditions. Traders watching ENA price prediction models note this confluence often precedes continuation once revenue buybacks begin, separate from any broader crypto market crash dynamics.