Ethena Foundation Cuts Early Investor Unlock Pressure With Token Buybacks

Ethena Foundation announced a series of changes aimed at reducing selling pressure from early investor unlocks. According to ChainCatcher, the foundation repurchased some remaining locked ENA from large seed-round investors through over-the-counter transactions and agreed with major investors to end the remaining vesting schedules early. Starting October 5, no investor tokens will remain locked, while team tokens will continue under the original lockup and vesting terms.