ENA Surges 7.7% as Major Token Unlocks Drive $192M Trading Volume and Renewed Volatility

Ethena (ENA) is currently trading at $0.3285, reflecting a 7.70% increase over the last 24 hours with a 24-hour trading volume of approximately $192 million, and ranks #47 by market capitalization at nearly $1.92 billion. The recent price movement is primarily driven by significant token unlock events, including the release of 40 million ENA tokens (0.7% of supply) on June 2, 2025, and an upcoming unlock of 171.88 million tokens (2.95% of supply) scheduled for June 5, which have contributed to recent volatility and increased trading activity. Despite a broader downward trend and price declines earlier in the week, the latest 24-hour price increase suggests some short-term recovery as traders respond to the effects of these unlocks and shifting market sentiment.