🚨 Token Unlock Watch: Ethena (ENA) 🚨
Ethena is set for a major token unlock in early January — a key event traders are closely watching.
📅 Jan 5 | 00:00 (UTC+8)
🔓 171.88M ENA unlocked
💰 ~$36.6M worth of tokens entering circulation
🔍 Why this matters:
• Token unlocks increase circulating supply and can add short-term sell pressure
• Market reaction often depends on who receives the tokens (team, investors, ecosystem) and their incentive to hold vs sell
• Volatility tends to rise around unlock events as traders reposition
🌐 About Ethena:
Ethena is building a synthetic dollar protocol designed to provide crypto-native yield without relying on traditional banking rails. ENA plays a central role in governance and ecosystem incentives.
⚠️ What to watch next:
• On-chain movements after the unlock
• Funding rates and open interest
• Broader market sentiment around DeFi tokens
Big unlocks don’t always mean big drops — but they do mean attention. Stay sharp. 👀
