ENA drops 11.8% to $0.242 as 3.03B token unlock risk looms
- —ENA trades at $0.242, down 11.8% on the day
- —Daily volume of $581.11 million is near the 30-day average
- —A reported Oct. 5 unlock covers ~3.03 billion ENA, about 20% of supply
- —USDe incentives ended Sept. 30; ENA is still up 60.96% over 30 days
Why it matters: An unlock of 20% of supply could add selling pressure, but the token's monthly gain still holds — holders should watch the unlock date.
Source: DiarioBitcoin