Recently, the ENA Foundation announced a significant decision to repurchase ENA tokens worth up to $300 million in the open market. This news immediately sparked a strong reaction in the market, with the price of ENA tokens rising by 5% in a short period of time.

The specific terms of this repurchase plan are as follows: When the price of ENA Token is above $0.7, the foundation will repurchase tokens worth $5 million; whereas when the price is below $0.7 or the daily decline exceeds 5%, the repurchase amount will increase to $10 million.

It is worth noting that the entire buyback process will be executed by a third-party market maker to ensure fairness and transparency of the operation. As long as the above buyback conditions are met, the buyback of ENA tokens will proceed as planned.

This move is widely interpreted by the market as the ENA Foundation's expression of confidence in the prospects of its project. Through the buyback plan, the foundation can not only stabilize the Token price but also provide more confidence to holders. However, investors still need to be cautious and closely monitor market trends and project developments, as the volatility of the cryptocurrency market remains high.

With the implementation of this buyback plan, industry insiders expect the ENA ecosystem may usher in new development opportunities. However, the具体效果如何, still requires time to verify.