Ethena’s ENA Token Faces Pressure Ahead of $10M Unlock

Ethena’s ENA Token Faces Pressure Ahead of $10M Unlock

Ethena’s native token ENA saw its price drop lower ahead of a major unlock of approximately 40.63 million ENA tokens, worth about $10.34 million and representing 0.67% of the circulating supply. As of 6:30 am ET, ENA was trading at $0.26, down 13.6% over the past month, and 82.8% below its all-time high a year ago. This story is an excerpt from the Unchained Daily newsletter.   To get these updates in your email for free, subscribe here. All unl…

ENA Token Faces Pressure as $10M Unlock Looms Amid Price Decline

ENA Token Slips Ahead of Latest Unlock ENA, the native token of Ethena, is hovering around $0.2546 at the moment—down about 4% in the past day. That adds to a rough month, with losses stretching to 17% as another token unlock approaches. Right now, it’s stuck in a tight spot between $0.2507 and $0.2659. Traders seem hesitant, maybe waiting to see how the market digests the fresh supply. According to Tokenomist, around 40.63 million ENA (worth ro…

Ethena stalls below key level 40M ENA token unlock looms

Ethena’s native token ENA is trading at $0.2546 at press time, down 4% in the last 24 hours and extending its 17% decline over the past month as another token unlock looms. The recent pullback has placed ENA within a…