The program has already incurred a cost of roughly $1.2 million with the vast majority stemming from legal fees for entity setups and expenses for general administration.
A new product offering for traditional finance firms, an integration with Telegram, and building an operational network with applications are key elements of Ethena’s plans for 2025.
FARTCOIN, AI16Z, and ZEREBRO have a combined market cap of nearly $4.5 billion, making up roughly 40% of the entire category of tokens seated at the crossroads of artificial intelligence and memes.