Ethena (ENA) has climbed to $0.7323, fueled by StablecoinX's strategic financial initiatives. The company has raised $530 million, bringing total commitments to $890 million, and plans to integrate over 3 billion ENA tokens into its treasury. A $310 million buyback program is scheduled to commence within 6–8 weeks, aiming to stabilize trading zones and boost market demand. This move has increased market confidence, with ENA's daily trading volume reaching $607,564,345. The buyback is anticipated to create a steady demand, enhancing ENA's growth prospects.