$ENA According to the official announcement, starting October 5, the tokens held by the remaining original investors will be released all at once. Third-party calendars estimate around 1.4 billion tokens, nearly 14% of the current circulating supply, though the exact amount has not been confirmed by the project.
The project’s buybacks also won’t start right away; they will only begin once the USDe supply reaches $7.5 billion.
Although the price hasn’t fallen in the short term, that’s mainly because so many people are shorting it and waiting for the unlock to drive the price down. Let’s wait a few days and see if we can pick up some tokens at a bargain.