StablecoinX Discloses 20% ENA Supply Holding, Driving Stock Up 12%

StablecoinX reveals it holds 20% of total ENA supply. The disclosure triggered a 12% single-day stock surge, highlighting significant treasury exposure to Ethena's tokenomics.

Woofun AI reports that StablecoinX, the treasury arm of Ethena, disclosed holding a position equivalent to 20% of the total ENA supply. Following this revelation, the company's stock price increased by 12% within a single day.