According to online reports, the Ethena Foundation issued a document stating that from July 22 to July 25, its subsidiaries had repurchased 83 million ENAs on the open market through a repurchase program initiated by third-party market makers. It is worth noting that according to EmberCN monitoring, after Ethena announced on July 21 that StablecoinX planned to reserve ENA treasury, an Ethena project party associated address began to be transferred out of ENA. A total of 150 million ENAs (US$77.35 million) entered Binance and Bybit in the five days since the announcement was released to yesterday.