Hold onto your wallets, folks! Ethena’s ENA token is about to unlock in just one hour, and the market is hotter than a summer day in the Sahara! 🔥 The price has jumped a whopping 4.66% in the last 24 hours, currently trading at $0.4170. And guess what? Its market cap is strutting around at a cool $2.2 billion. 💸
Now, this unlock is set to release 7.93 million ENA into circulation, worth around $3.29 million. Not exactly a blockbuster hit, but wait for the real drama—the massive cliff unlock that’s about to drop like it’s hot! 🎤💥
So, we’re talking about 7.93 million ENA tokens, worth about $3.29 billion, ready to hit the streets. That’s a big deal, people! Traders are watching this like it’s the season finale of their favorite show, wondering if the price will hold strong or if everyone will start selling off faster than you can say “panic!” 😱
Right now, 7.70 billion ENA tokens (that’s 51.32% of the total supply) are still locked up tighter than my fridge during a diet. Meanwhile, 5.28 billion ENA tokens—about 35.19%—are already out there, mingling in the market. And let’s not forget the mysterious 2.02 billion ENA, or 13.49%, labeled as “TBD locked.” Because who doesn’t love a good cliffhanger? 🤷♀️
As for ownership, private investors are sitting pretty with a 25% slice of the pie, while 30% is reserved for the team, advisors, and contractors. The rest? Well, 17.5% goes to ecosystem incentives, 15% to the foundation, and 12.5% is earmarked for airdrops and bounties. Because why not sprinkle a little fairy dust on it? 🧚♂️
Ethena is cooking up something intriguing: a synthetic dollar protocol on Ethereum. The goal? To create a crypto version of what banks usually handle. Their big product, the Internet Bond, is designed to be a dollar-backed savings option for everyone, everywhere. But right now, all eyes are glued to this massive token unlock. 📈
Billions of ENA tokens are about to flood the market, and the burning question is: will the price keep climbing, or are we in for a sell-off that’ll make Black Friday look like a yard sale? That’s the million-dollar question, folks! 💰🤔
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2025-03-26 09:25