Ethena token rallies over 12% following StablecoinX’s $530 million capital raise

Ethena’s ENA token leaped over 12% on Saturday following news that StablecoinX Inc. secured an additional $530 million capital raise. The move is part of StablecoinX’s ongoing accumulation strategy for ENA, significantly increasing its token holdings in the Ethena ecosystem. StablecoinX expands ENA holdings StablecoinX has now raised a total of $895 million in private The post Ethena token rallies over 12% following StablecoinX’s $530 million capital raise appeared first on CryptoSlate.