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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) $ 105,740.33
ethereum
Ethereum (ETH) $ 2,426.97
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.19
bnb
BNB (BNB) $ 641.71
solana
Solana (SOL) $ 146.24
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.272923
dogecoin
Dogecoin (DOGE) $ 0.166925
staked-ether
Lido Staked Ether (STETH) $ 2,426.08
cardano
Cardano (ADA) $ 0.592354
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 105,575.29
hyperliquid
Hyperliquid (HYPE) $ 37.74
wrapped-steth
Wrapped stETH (WSTETH) $ 2,930.89
sui
Sui (SUI) $ 2.87
bitcoin-cash
Bitcoin Cash (BCH) $ 460.41
chainlink
Chainlink (LINK) $ 13.26
leo-token
LEO Token (LEO) $ 9.14
avalanche-2
Avalanche (AVAX) $ 18.42
stellar
Stellar (XLM) $ 0.248002
usds
USDS (USDS) $ 1.00
the-open-network
Toncoin (TON) $ 2.93
shiba-inu
Shiba Inu (SHIB) $ 0.000012
whitebit
WhiteBIT Coin (WBT) $ 47.98
hedera-hashgraph
Hedera (HBAR) $ 0.154494
litecoin
Litecoin (LTC) $ 85.11
weth
WETH (WETH) $ 2,427.58
wrapped-eeth
Wrapped eETH (WEETH) $ 2,598.85
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
monero
Monero (XMR) $ 314.77
ethena-usde
Ethena USDe (USDE) $ 1.00
polkadot
Polkadot (DOT) $ 3.48
bitget-token
Bitget Token (BGB) $ 4.24
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 105,687.32
pepe
Pepe (PEPE) $ 0.000010
uniswap
Uniswap (UNI) $ 7.01
pi-network
Pi Network (PI) $ 0.535957
aave
Aave (AAVE) $ 263.67
dai
Dai (DAI) $ 0.999874
bittensor
Bittensor (TAO) $ 361.99
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18
okb
OKB (OKB) $ 52.26
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
aptos
Aptos (APT) $ 4.43
near
NEAR Protocol (NEAR) $ 2.20
crypto-com-chain
Cronos (CRO) $ 0.086820
internet-computer
Internet Computer (ICP) $ 5.04
susds
sUSDS (SUSDS) $ 1.06
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 177.22
ethereum-classic
Ethereum Classic (ETC) $ 16.47