Bankless · Friday, August 28, 2026
The Athena Foundation has implemented significant changes to improve investor alignment and token value accrual. This includes buying out early investors who sold ENA tokens over the past nine months and establishing a fee switch within its governance. Hasib Qureshi noted this could be a model for other tokens seeking to overcome 'baggage' from previous market structures.
“They just bought out early investors who sold ENA, that is the Athena token, the last nine months. IP and protocol value assigned exclusively to the foundation.”
“So the idea is the foundation is under token holder control. So there's no residual cash flow due to equity investors. They have a fee switch now in governance. That proposal is live.”
“And I think this is a model for what a lot of other tokens are going to consider doing now, seeing how the market has reacted to this.”