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Following
ENA StablecoinX holds approximately 3.03 billion ENA tokens
According to documents disclosed on June 25, 2026, StablecoinX currently holds approximately 3.03 billion ENA tokens,"due to delivery." Documents show that this position accounts for approximately 39.4% of the current circulation supply (approximately 7.69 billion units) and approximately 20% of the total existing ENA (approximately 15 billion units). According to public data platforms, StablecoinX holds 3.029 billion ENAs (obtained on June 25, 2026) worth US$252.2 million, accounting for 20.193% of the total ENA supply. ENA is the governance token of the Ethena Agreement, with a fixed maximum supply of 15 billion coins.
Data snapshot
Indicator : ENA treasury position after delivery
Current value : About 3.03 billion ENA
Changes : -
Cycle : Due to delivery
Deadline : June 25, 2026
Data source : StablecoinX disclosure document
Indicator : Proportion of circulation supply after delivery
Current value : Approximately accounts for current circulation supply (approximately 7.69 billion units) 39.4%
change : -
Cycle : Due to delivery
Deadline : June 25, 2026
Data source : StablecoinX disclosure document
Indicator : Proportion of existing ENA after delivery
Current value : Approx. of total existing ENA 20%
Change : -
Cycle : Due to Delivery
End Date : June 25, 2026
Data Source : StablecoinX Disclosure File
Indicator : Total ENA Positions Shown on Public Data Platforms
Current Value : 3.029 Billion ENA
Change : -
Cycle : Transactions recorded on public data platform treasury page (June 25, 2026)
Deadline : June 25, 2026
Data source : StablecinX Treasury page
Indicator : Proportion of total supply displayed on the public data platform
Current value : 20.193%
Change : -
Cycle : Display on the public data platform treasury page
Deadline : June 25, 2026
Data source : StablecoinX treasury page
Indicator : Total treasury value displayed on the public data platform
Current value : US$252.2 million
Changes : -
Cycle : displayed on the public data platform treasury page
Deadline : June 25, 2026
Data source : StablecoinX Treasury Page
What changes have been made in StablecoinX's ENA position
After the completion of the delivery, StablecoinX's ENA treasury position is approximately 3.03 billion. Company disclosure documents show that this position accounts for approximately 39.4% of the current circulation supply (approximately 7.69 billion units) and approximately 20% of the total existing ENA (approximately 15 billion units). The public data platform listed that StablecinX holds 3.029 billion ENAs with a total treasury value of US$252.2 million, accounting for 20.193% of the total ENA supply. These figures are consistent with the approximate proportions in the disclosure documents.
Reason for driving the change: The settlement disclosed in the document
The company attributed its position to the settlement completed on June 25, 2026, as stated in its disclosure document. The treasury page of the public data platform also recorded the transaction date as June 25, 2026. With ENA's fixed maximum supply of 15 billion pieces, any large treasury positions translate into a significant share of the token base, a supply design that highlights the significance of the reported ratio.
What this concentration may imply and what it cannot prove
Confirmed facts
StablecoinX holds approximately 3.03 billion ENAs, accounting for approximately 39.4% of the circulating supply and 20% of the total existing ENAs. The public data platform shows 3.029 billion ENAs, with a total treasury value of US$252.2 million, accounting for 20.193% of the total supply.
Reasonable indication
Since ENA is Erena's governance token, a high proportion of circulating supply means that potential governance power is concentrated within a single treasury. Circulation distribution and treasury size may affect market structure and participation dynamics.
What this snapshot cannot prove on its own
concerns the intention to vote, sell, transfer or lock in tokens. Future price direction, liquidity results or specific market impact. The distribution of positions among wallets or custodians, and any encumbrances not disclosed in the cited sources.
Follow-up focus: Disclosure documents and treasury dashboard
Focus on any subsequent updates to StablecinX to "approximately 3.03 billion ENA" or relevant proportion of documents. Pay attention to the changes in the total treasury value of 3.029 billion ENAs, US$252.2 million, or 20.193% on the treasury page of the public data platform StablecinX. Focus on adjustments to ENA's circulating supply, which may change the ratio of circulating supply to total supply reported in the disclosure document.
Disclaimer : This document is for information only and does not constitute or is intended to be used as legal, tax, investment, financial or other advice.
