Why I Bought Ethena (Altcoin With Huge Potential)
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Ethena has generated over $1 billion in real fees, yet almost none of it has reached ENA holders, and an approved fee switch is about to change that.
Once USDe supply passes $7.5 billion, a growing share of revenue flows into open market ENA buybacks, backed by catalysts like Ethena Pay, BlackRock integrations, wider distribution and a cleaned up unlock schedule.
Plus the numbers on how big those buybacks could get, the Standard Chartered target, and the real risks that could keep the switch from mattering.
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0:00 $1 Billion In Buybacks?
0:18 Why Ethena
1:05 Written Off After 10/10
1:27 How USDe Works
2:00 $1 Billion In Real Fees
2:18 Why ENA Struggled
2:49 The Inner Circle
3:52 The Fee Switch
4:35 Where USDe Supply Is Now
5:11 Ethena Pay
6:07 More Distribution And Catalysts
6:33 Cleaning Up The Token
6:48 Standard Chartered's $2 Target
7:15 How Big The Buybacks Get
8:11 The Real Risks
8:57 The Biggest Risk
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