đš 1.4 billion ENA unlocked yesterday â and the dump everyone feared never came.
Yesterday, Ethena accelerated all remaining investor unlocks into ONE single day: roughly 1.4 billion ENA (~14% of circulating supply) went liquid at once. On the same day, Nasdaq-listed StablecoinX's 3 billion ENA (~20% of total supply) had its 48-month lock-up permanently lifted via an SEC filing.
Here is the part most people missed: the Ethena Foundation had already bought out the locked tokens of the investors who were selling, and StablecoinX cannot move a single token without the Foundation's written consent â any sale needs 5 days' notice, and the Foundation gets first refusal to buy it itself.
An unlock is not the same as a dump. The real question now: the investors who never sold just went liquid â what do they do next? đ
$ENA
#ENA #CryptoNews #Ethena
Yesterday, Ethena accelerated all remaining investor unlocks into ONE single day: roughly 1.4 billion ENA (~14% of circulating supply) went liquid at once. On the same day, Nasdaq-listed StablecoinX's 3 billion ENA (~20% of total supply) had its 48-month lock-up permanently lifted via an SEC filing.
Here is the part most people missed: the Ethena Foundation had already bought out the locked tokens of the investors who were selling, and StablecoinX cannot move a single token without the Foundation's written consent â any sale needs 5 days' notice, and the Foundation gets first refusal to buy it itself.
An unlock is not the same as a dump. The real question now: the investors who never sold just went liquid â what do they do next? đ
$ENA
#ENA #CryptoNews #Ethena
