Ethena Labs Secures $10 Million Funding, Boosted ENA Token Price

Ethena Labs has secured a significant funding boost of $10 million from ArkStream Capital. This investment marks a key milestone for the company and has led to a notable surge in its ENA token price. The funding will primarily be used to fuel Ethena’s liquidity and buyback strategies, impacting not only ENA itself but also USDe and Ethereum, while boosting confidence among institutional investors.