$ENA 𝗵𝗮𝘀 𝘀𝗹𝗶𝗱 𝟭𝟲% 𝗶𝗻 𝗮 𝘄𝗲𝗲𝗸, 𝘄𝗶𝘁𝗵 𝟳.𝟰% 𝗴𝗼𝗻𝗲 𝗶𝗻 𝘁𝗵𝗲 𝗹𝗮𝘀𝘁 𝟮𝟰 𝗵𝗼𝘂𝗿𝘀.
On Oct 5, the Ethena Foundation released the last of its locked investor tokens, so more ENA is now free to trade.
The bounce on unlock day didn't hold, and price has drifted lower ever since.
It now sits right at its weekly low near $0.22, so that's the level to watch.
Do unlocks hurt more before the date or after it?
NFA.
#Ethena #DeFi
On Oct 5, the Ethena Foundation released the last of its locked investor tokens, so more ENA is now free to trade.
The bounce on unlock day didn't hold, and price has drifted lower ever since.
It now sits right at its weekly low near $0.22, so that's the level to watch.
Do unlocks hurt more before the date or after it?
NFA.
#Ethena #DeFi