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2 min read 05 Mar 2025

Ethena: $1 billion Unlock for ENA, price remains stable

By Daniele Corno

New Monstre unlock, with Ethena unlocking 40% of the circulating supply equal to 2 billion ENA, with a value close to $1 billion

Ethena: $1 billion Unlock for ENA, price remains stable

ENA's mega Unlock has arrived

This morning at 8 a.m. Italian time, Ethena successfully carried out a Monstre unlock.

This is the largest single-day unlock in the past and future history of the ENA token, with 2.07 billion tokens issued on the market.

This is the latest major token release in a single day, bringing ENA‘s circulation to 35% of the total supply. Currently, around 5.3 billion ENA are available on the market, compared to a maximum supply of 15 billion.

From now on, therefore, the unlocks will be linear and contained, with monthly unlocks from now until March 2028 when the entire supply will be circulating on the market.

So currently ENA is taking a weight off its shoulders, with a future controlled emission and without huge unlocks.

News already discounted

We have now learned that large Unlock announcements often cause the opposite reaction to what many investors expect.

We are talking about public announcements that have been known for some time and that in fact allow market players to discount the price in advance.

Ena in fact reacts with a stalemate, with a stable price of $3.8 dollars, in a range between $0.33 and $0.47. Stable values following the first big collapse on February 3rd.

The release of these 2.07 billion ENA brought over $800 million to the market, with the market cap skyrocketing from $1.2 billion to over $2.05 billion, according to Coingecko data.

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Resta aggiornato in tempo reale con le notizie importanti, dati e analisi ESCLUSIVE

bitcoin
Bitcoin (BTC) $ 108,885.17
ethereum
Ethereum (ETH) $ 2,631.96
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.33
bnb
BNB (BNB) $ 663.65
solana
Solana (SOL) $ 152.89
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.286831
dogecoin
Dogecoin (DOGE) $ 0.172512
staked-ether
Lido Staked Ether (STETH) $ 2,628.32
cardano
Cardano (ADA) $ 0.596418
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 108,734.13
hyperliquid
Hyperliquid (HYPE) $ 39.21
wrapped-steth
Wrapped stETH (WSTETH) $ 3,175.15
bitcoin-cash
Bitcoin Cash (BCH) $ 508.40
sui
Sui (SUI) $ 2.92
chainlink
Chainlink (LINK) $ 14.12
leo-token
LEO Token (LEO) $ 9.06
stellar
Stellar (XLM) $ 0.264785
avalanche-2
Avalanche (AVAX) $ 18.43
usds
USDS (USDS) $ 1.00
wrapped-eeth
Wrapped eETH (WEETH) $ 2,820.63
shiba-inu
Shiba Inu (SHIB) $ 0.000012
the-open-network
Toncoin (TON) $ 2.82
hedera-hashgraph
Hedera (HBAR) $ 0.162749
weth
WETH (WETH) $ 2,631.06
litecoin
Litecoin (LTC) $ 88.08
whitebit
WhiteBIT Coin (WBT) $ 45.05
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999892
monero
Monero (XMR) $ 319.42
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 108,883.17
ethena-usde
Ethena USDe (USDE) $ 1.00
polkadot
Polkadot (DOT) $ 3.48
bitget-token
Bitget Token (BGB) $ 4.33
uniswap
Uniswap (UNI) $ 7.72
aave
Aave (AAVE) $ 300.44
pepe
Pepe (PEPE) $ 0.000010
dai
Dai (DAI) $ 1.00
pi-network
Pi Network (PI) $ 0.466101
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18
bittensor
Bittensor (TAO) $ 324.31
crypto-com-chain
Cronos (CRO) $ 0.093136
okb
OKB (OKB) $ 48.35
aptos
Aptos (APT) $ 4.50
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
near
NEAR Protocol (NEAR) $ 2.26
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 185.79
internet-computer
Internet Computer (ICP) $ 4.88
ethereum-classic
Ethereum Classic (ETC) $ 17.02
ondo-finance
Ondo (ONDO) $ 0.804419