171.88MM Token Unlock

Name: 171.88MM Token Unlock
Start: 2026-04-04T22:00:00.000Z

ENAEthena▲ +2.19%

◆ Description

Ethena unlocks approximately 2.18% of its released supply at 7 AM UTC.

◆ Why it matters

A 2.18% circulating supply unlock (~$19M) directed to core contributors and private investors is non-trivial and clearly sell-pressure biased, especially if ENA has strong prior performance and early buyers are in profit. Unlock events are well-tracked and often front‑run, increasing short-term volatility and potential downside. However, size is not extreme and fundamentals don’t change, so impact is likely a moderate, tradable event rather than a structural game‑changer.