$ENA price is showing signs of strength ahead of a critical token unlock scheduled for today that could reshape the market dynamics. The ENA token has climbed 6.01% in a day and maintained an 8.8% weekly uptrend, now trading around $0.6843 with a market cap of $4.53 billion. Daily trading volume has jumped 46.44% to $540.72 million, with price action spanning between $0.6098 and $0.6903 in the last 24 hours.
Today, approximately 40.6 million ENA tokens worth about $25 million will enter circulation. With only 42% of Ethena’s 15 billion total supply currently unlocked, this event could challenge the current rally’s momentum. Intriguing enough? Join me as I give you the potential price targets in this analysis.
