ENA token rises 10% as Ethena puts revenue-funded token buybacks to vote

Crypto Insight Summary: The Ethena Foundation proposed buying the token supply held by major early investors and revealed a fee switch to turn 95% of net protocol revenue into ENA buybacks. Crypto Insight Analysis: Direction: Bullish ENA Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Token buyback proposal boosts investor confidence and creates demand pressure.