PANews reported on September 19th that Mega Matrix Inc. ( MPU ) announced it has accumulated approximately $ 6 million in ENA tokens , with an additional $ 3 million invested in the past week, totaling 8.46 million ENA tokens at an average cost of $ 0.7165 per token. The company stated it will continue to increase its holdings weekly based on market conditions, furthering its stablecoin governance token ( DAT ) reserve strategy. Mega Matrix , headquartered in Singapore, also operates the short video platform FlexTV .

Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more
