Ethena treasury company StablecoinX shares jump 12% after revealing 20% stake in ENA supply

60-second summary

StablecoinX shares are currently surging 12% after Ethena treasury company revealed it holds a significant 20% stake in ENA's total supply. This substantial investment is expected to boost investor confidence in ENA, potentially leading to increased adoption and trading volumes. The market is closely watching this development, with implications for the broader stablecoin and cryptocurrency ecosystem.