Arthur Hayes Buys 25.33M ENA as Ethena Approves 95% Revenue Buybacks

TLDR: ENA price prediction centers on Arthur Hayes’ $0.50 target after he bought 25.33 million ENA for $5.53 million at an average price of $0.09. Ethena approved a fee switch that directs 95% of protocol net revenue toward ENA buybacks and redistribution to token holders, linking revenue with token demand. ENA/USD faces resistance near $0.1976, [...]

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