StablecoinX Completes $360 Million Funding to Acquire Tokens

On July 22, 2025, StablecoinX announced a $360 million raise to acquire locked ENA tokens from the Ethena Foundation, planning a Nasdaq listing under “USDE.” The financing highlights increasing investor confidence in StablecoinX’s broader strategy, as ENA tokens demonstrate significant market interest amid the transaction.

StablecoinX’s $360M Moves Shake ENA’s Market

StablecoinX, formed through a SPAC merger, has secured $360 million earmarked for acquiring ENA tokens over the coming weeks, primarily from Ethena Foundation’s subsidiary. The acquisition initiative, with a daily investment of $5 million, equates to approximately 8% of ENA’s circulating market value. The Francisco-based company aligns with prominent investors, including Pantera Capital and others, expressing substantial interest in crypto market staking strategies.

ENA Tokens Gain 9% Boost Amid Strategic Funding

Investment impact of this scale is expected to bolster ENA’s immediate value. The token has seen a notable increase, appreciating by 9% intraday following the announcement. Additionally, underlining the foundation’s influence, ENA tokens achieved a sustained rise to $0.5275, reflecting heightened market confidence.

Further responses signal broader industry support; however, no significant statements from regulatory bodies or industry leaders have emerged. The Ethena Foundation’s substantial influence remains evident as it retains full veto rights over ENA sales from StablecoinX, accentuating strategic control over the tokens’ utilization.

Ethena Foundation, Official Statement, “The Foundation retains full veto rights over any potential ENA sales.”

Historical Context, Price Data, and Expert Analysis

Did you know? ENA’s market participation surged by 107.65% over 30 days, reflecting a pivotal shift in token capital engagement, echoing historical buybacks in DeFi circles.

As of July 22, 2025, ENA (Ethena) stands at $0.51, with a roughly $3.25 billion market cap and 6.35 billion circulating supply. Over 90 days, the token climbed 49.08%, driven by strategic corporate maneuvers. CoinMarketCap data highlights $1.91 billion in recent 24-hour trading volume, up 65.22% amid growing investor interest in ENA.

Future projections from the Coincu research team emphasize potentially positive outcomes; market enthusiasm suggests a longer-term valuation upswing for ENA, fueled by sustained investment and strategic asset acquisition.