Ethena S5 Airdrop Fully Unlocked—Did Those Who Didn’t Sell a Single Coin Come Out on Top?
@Ethena Labs The six-month linear vesting period for the Season 5 airdrop has ended (4/16–10/8). I claimed the tokens every few weeks and sold my sENA right away. I never imagined that $ENA would start climbing steadily from the end of August!
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A few key dates:
➤ 4/16
Initial unlock; price was around $0.10
➤ 6/11
The lowest price during the six-month linear vesting period, at around $0.07
➤ 9/28
The highest price during the six-month linear vesting period, at around $0.27
ENA is currently around $0.21, meaning its price is up +110% since the initial unlock.
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At the end of August, the Ethena Foundation officially announced that it would buy investors’ locked tokens through over-the-counter transactions. Potential sources of selling pressure to watch going forward include:
1. What the Ethena Foundation does with the tokens it acquires
2. The token activity of institutional investors who declined the buyout offer
3. The token activity of ENA treasury company StablecoinX
According to the official announcement, StablecoinX (ticker: $USDE.US ) is one of the two largest holders, accounting for about 20% of the total supply. Keep an eye on whether it sells any of its tokens.
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● The content above does not constitute investment advice. Readers should conduct their own independent research and make decisions based on their personal investment objectives and risk tolerance. Please exercise caution when participating in the investment market.
● Image source: TokenManager
#StablecoinX #BStocks #ethena #ENA走势分析
@Ethena Labs The six-month linear vesting period for the Season 5 airdrop has ended (4/16–10/8). I claimed the tokens every few weeks and sold my sENA right away. I never imagined that $ENA would start climbing steadily from the end of August!
-
A few key dates:
➤ 4/16
Initial unlock; price was around $0.10
➤ 6/11
The lowest price during the six-month linear vesting period, at around $0.07
➤ 9/28
The highest price during the six-month linear vesting period, at around $0.27
ENA is currently around $0.21, meaning its price is up +110% since the initial unlock.
-
At the end of August, the Ethena Foundation officially announced that it would buy investors’ locked tokens through over-the-counter transactions. Potential sources of selling pressure to watch going forward include:
1. What the Ethena Foundation does with the tokens it acquires
2. The token activity of institutional investors who declined the buyout offer
3. The token activity of ENA treasury company StablecoinX
According to the official announcement, StablecoinX (ticker: $USDE.US ) is one of the two largest holders, accounting for about 20% of the total supply. Keep an eye on whether it sells any of its tokens.
-
● The content above does not constitute investment advice. Readers should conduct their own independent research and make decisions based on their personal investment objectives and risk tolerance. Please exercise caution when participating in the investment market.
● Image source: TokenManager
#StablecoinX #BStocks #ethena #ENA走势分析