Can Ethena Extend Its 16% Rally Amid Binance’s $24M ENA Recovery Effort?
Key Highlights Binance has initiated an aggressive buyback of stolen ENA tokens using open market orders and over-the-counter (OTC) agreements, including a 128.63 million ENA transfer worth $24 million directly from Ethena. Spot market participants have actively accumulated the token, driving more than $91 million in net exchange outflows over a 24-hour window and exceeding ...