$ENA broke 0.155. The supply isn’t fully done yet.
$ENA ~0.1566 | high 0.1577 | low 24h 0.1346
• Circ ~9.83B / cap 15B — about 1/3 of the supply left until 2028 • Team 30% + VC 25%: 1-year cliff then monthly linear vesting, TGE 5/3/2024 • Unlock around 1/9 — tracker off by 94M to 275M. Don’t pick one number and all-in • This morning it looked like the VC wallet was hacked, transferring ~21.85M ENA (~$3M) to Wintermute. Small compared to circ, small compared to the Sep unlock
Levels to watch:
• 0.1549–0.155: VAH just broken
• 0.1495: if it loses again, accept is over
• 0.162 / 0.168: if it holds above 0.155
View: price has left the POC. The real story is the Sep supply. Don’t chase 10x because of a “breakout above the daily high,” and don’t short just because of the VC caption.
Will you hold through 1/9, or take profit before the unlock?
$ENA $BTC #WriteToEarn #BinanceSquare #Ethena #Tokenomics
$ENA ~0.1566 | high 0.1577 | low 24h 0.1346
• Circ ~9.83B / cap 15B — about 1/3 of the supply left until 2028 • Team 30% + VC 25%: 1-year cliff then monthly linear vesting, TGE 5/3/2024 • Unlock around 1/9 — tracker off by 94M to 275M. Don’t pick one number and all-in • This morning it looked like the VC wallet was hacked, transferring ~21.85M ENA (~$3M) to Wintermute. Small compared to circ, small compared to the Sep unlock
Levels to watch:
• 0.1549–0.155: VAH just broken
• 0.1495: if it loses again, accept is over
• 0.162 / 0.168: if it holds above 0.155
View: price has left the POC. The real story is the Sep supply. Don’t chase 10x because of a “breakout above the daily high,” and don’t short just because of the VC caption.
Will you hold through 1/9, or take profit before the unlock?
$ENA $BTC #WriteToEarn #BinanceSquare #Ethena #Tokenomics