Ethena's Buyback Paradox: 27% Pump, 87 Wallets, and a Formula That Self-Contradicts
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Neutral
Market Sentiment
Block reward reduced to 3.125 BTC
Block reward halving event
Team and early investor shares released
Independent validator client goes live on mainnet
92 million ARB released
Circulating supply increases by about 2%
Raises validator limit and account abstraction
Improves data availability sampling efficiency
Bitcoin Season