🚨 Ethena’s Major Investor Unlock Is Fully in the Market
The October 5 event is complete.
The Ethena Foundation released the remaining original investor allocations in a single batch.
Roughly 1.4 billion ENA — about 14% of circulating supply — became freely transferable, ending the monthly investor unlock schedule roughly 17 months early.
A separate entity, StablecoinX, also had lock-up restrictions lifted on a large treasury position, though sales still require foundation consent under the disclosed process.
This follows the full discontinuation of USDe growth incentives at the end of September and the expansion of USDe’s basis strategy into Binance tokenized stocks.
Standard Chartered has also initiated coverage on the project, linking its framework to USDe growth, protocol revenue and a proposed buyback structure.
The emissions phase is closed.
The large unlock is already live.
Click $ENA below and check the live price right now.
$ENA
.
.
.
#ENA #write2earn
Not financial advice. DYOR.
The October 5 event is complete.
The Ethena Foundation released the remaining original investor allocations in a single batch.
Roughly 1.4 billion ENA — about 14% of circulating supply — became freely transferable, ending the monthly investor unlock schedule roughly 17 months early.
A separate entity, StablecoinX, also had lock-up restrictions lifted on a large treasury position, though sales still require foundation consent under the disclosed process.
This follows the full discontinuation of USDe growth incentives at the end of September and the expansion of USDe’s basis strategy into Binance tokenized stocks.
Standard Chartered has also initiated coverage on the project, linking its framework to USDe growth, protocol revenue and a proposed buyback structure.
The emissions phase is closed.
The large unlock is already live.
Click $ENA below and check the live price right now.
$ENA
.
.
.
#ENA #write2earn
Not financial advice. DYOR.