🔥 171.88M ENA Tokens Unlocking on August 5 — Will the Market Feel the Heat?
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🔓 What’s Happening?
Token Unlock: 171.88 million ENA tokens are set to be unlocked.
Impact: This is 2.66% of the total circulating supply — a medium-sized unlock.
Date: August 5, 2025.
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📊 Potential Market Impact
1. Short-Term Pressure (Bearish Possibility)
More supply could lead to price dip if recipients choose to sell.
Likely pre-unlock selloff from speculators anticipating the event.
2. Neutral or Bullish Outcome
If recipients hold tokens, impact may be minimal.
Strong fundamentals and ecosystem growth can offset the pressure.
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🧠 Key Things to Watch
Who’s receiving the tokens — team, investors, or community?
Are they long-term aligned or looking to cash out?
Overall market sentiment — bullish trend may soften any downside.
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📉 What to Expect on Price?
Pre-unlock dip is possible.
Volatility around August 5 is likely.
Recovery possible if no major sell-off follows.
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✅ Final Take:
> “A 2.66% unlock isn't catastrophic — but it's enough to cause turbulence. Traders should watch on-chain flows and stay nimble. Long-term conviction matters more than short-term fear.”
