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![ImperiumPaper Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1412230982795673607.png) PaperImperium [@ImperiumPaper](/creator/twitter/ImperiumPaper) on x 7238 followers
Created: 2025-07-21 14:59:21 UTC

Total dilution appears to be ~14% of yesterday’s circulating supply.

Ethena will use $260m of the sale to purchase ENA on the market, estimating X% of supply.


XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947310433079034056/c:line.svg)

**Related Topics**
[ena](/topic/ena)
[$260m](/topic/$260m)

[Post Link](https://x.com/ImperiumPaper/status/1947310433079034056)