40 Million ENA Token Unlock Coming Up on May 2nd

On May 2, 2025, Ethena (ENA) will unlock approximately 40.63 million ENA tokens, which is about 0.73% of the circulating supply. While this is a relatively small unlock compared to previous large-scale releases, it still warrants attention from investors and traders.

Size and Market Impact

• The 0.73% unlock represents a modest increase in circulating supply, valued at roughly $12.6 million based on recent ENA prices around $0.31.
• Given its size, this unlock is unlikely to cause a major supply shock or significant downward pressure on price by itself.
• However, token unlocks—even smaller ones—can trigger short-term volatility as holders decide whether to sell or hold their newly unlocked tokens.

Supply Dynamics and Price Considerations

• Ethena has experienced large unlocks recently, including multi-billion token releases that caused notable price fluctuations and sell-offs. Compared to those, this May 2 unlock is minor and part of the ongoing linear vesting schedule.
• The gradual nature of these unlocks helps mitigate sudden large supply shocks, supporting more stable market conditions.
• Staking incentives and ecosystem demand for ENA may absorb much of the new supply, limiting selling pressure.

This upcoming 0.73% ENA token unlock on May 2 is unlikely to move the price significantly or create a supply shock on its own. It fits into Ethena’s broader, steady vesting plan designed to balance liquidity and market stability. Traders should still monitor market sentiment around the date, but any price impact is expected to be limited and short-lived.

☝Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.

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The information contained in this video is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. The content of this post reflects solely my own opinions. Purchasing cryptocurrencies poses considerable risk of losses.

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