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![SherifDefi Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1611011814.png) Sherif | DeFi [@SherifDefi](/creator/twitter/SherifDefi) on x 88.2K followers
Created: 2025-07-22 12:59:42 UTC

3\ 
💭 What’s Actually Happening

Of the $360M raised:

→ $260M in cash is being deployed immediately
→ $60M in ENA is being contributed by the Foundation
→ Buybacks are already underway

At current prices, that’s ~8% of ENA’s circulating supply being purchased in X weeks. Directly from open markets.

![](https://pbs.twimg.com/media/GwdquPKXIAA60zc.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947642713408459023/c:line.svg)

**Related Topics**
[ena](/topic/ena)
[$60m](/topic/$60m)
[$260m](/topic/$260m)
[$360m](/topic/$360m)

[Post Link](https://x.com/SherifDefi/status/1947642713408459023)