StablecoinX shares have climbed more than 12% after the Nasdaq-listed company disclosed a 3-billion-token ENA treasury and reported its first quarterly results since going public. StablecoinX values its ENA treasury at $218.4 million StablecoinX said in its Aug. 14 quarterly…
StablecoinX shares surged after the Ethena treasury firm revealed it holds 20% of ENA’s total supply.
StablecoinX's significant ENA holdings could influence market dynamics, raising concerns about centralization and impacting investor strategies.