The largest ENA holding address on Hyperliquid has a long position of over 5x, currently showing a unrealized gain of $3.1 million.

BlockBeats News, September 6th, according to on-chain analyst Ai Auntie (@ai_9684xtpa), affected by the Ethena Foundation's buyback plan, ENA saw a more than 13% price increase in the past 24 hours. The largest holder on Hyperliquid ENA, address 0x6b7...c5e9c, has a long position of over 5x with a realized profit of $3.107 million.

This address has been longing ENA since July 29th, currently holding 49.18 million tokens (approximately $36.63 million) with an average entry price of $0.6804.

BlockBeats previously reported that Ethena announced early this morning a $530 million additional "StablecoinX" PIPE transaction, with the foundation initiating a new $310 million open market buyback plan.