Ethena (ENA) Token Unlocks in One Hour, Price Jumps 5%

March 26, 2025

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Ethena (ENA) Token Unlocks in One Hour, Price Jumps 5%

Ethena’s ENA token is about to see a serious unlock in simply an hour, and the market is already fired up. The worth has jumped 4.66% within the final 24 hours, presently buying and selling at $0.4170, whereas its market cap has hit $2.2B. Buying and selling quantity can also be hovering, up 17.35% to $231.46M, as merchants gear up for what’s coming.

This unlock will launch 7.93M ENA into circulation, value round $3.29M. Not a game-changer by itself, however the actual shake-up is the huge cliff unlock that’s about to drop.

An enormous quantity of seven.93 million ENA tokens, value about $3.29 billion, is about to be released. That’s a giant deal as a result of it means extra ENA shall be on the market. Individuals who commerce are retaining a detailed eye on this to see if the worth of ENA will keep robust or if a bunch of oldsters will begin promoting it off quick.

Proper now, 7.70 billion ENA tokens, which is 51.32% of the entire provide, are nonetheless locked up. In the meantime, 5.28 billion ENA tokens—about 35.19%—are already unlocked, floating round out there. Then there’s one other 2.02 billion ENA, or 13.49%, labeled as “TBD locked,” that means nobody’s fairly positive when these shall be launched.

As for who owns what, personal traders have a 25% chunk of the entire provide, and 30% is put aside for the group, advisors, and contractors. The remainder breaks down like this: 17.5% goes to ecosystem incentives, 15% to the inspiration, and 12.5% is earmarked for airdrops and bounties.

Ethena’s constructing one thing fascinating: an artificial greenback protocol on Ethereum. The concept is to make a crypto model of what banks normally deal with. Their huge product, the Web Bond, is supposed to be a dollar-backed financial savings possibility that anybody, wherever can use. However proper now, all eyes are on this large token unlock developing.

Billions of ENA tokens are about to hit the market, and individuals are questioning: will the worth hold climbing, or are we a giant sell-off quickly? That’s the million-dollar query.