$ENA Here is a comprehensive update on Ethena (ENA) as of **August 5, 2025**, incorporating the latest data, market dynamics, and future projections:
### ⚡ **1. Major Token Unlock Event (Today: August 5, 2025)**
- **$107.05 million ENA unlocked**, representing **2.8%** of its circulating supply. This is part of a broader crypto token unlock wave totaling **$535.65 million** this week.
- **Recipients**: Core Contributors (30% of total allocation), with tokens released via a **cliff mechanism** (unlocked all at once).
- **Potential Impact**: Historical data suggests such unlocks often create selling pressure. Notably, **250 million ENA ($154 million)** were moved to exchanges in the past two weeks, signaling possible sell-offs.
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### 📊 **2. Current Price & Market Performance**
- **Price**: **$0.5907** (as of August 5, 6:31 AM UTC), down **1.78%** in 24 hours.
- **Market Cap**: **$3.89 billion** (Rank: #31).
- **Trading Range**: Consolidating between **$0.58 (support)** and **$0.62 (resistance)**. A break above $0.63 could trigger bullish momentum, while a drop below $0.58 may accelerate losses.
- **Volume**: **$919 million** (24h), indicating high trader engagement.
