275M ENA Unlock Set for Nov. 1 as Ethena Buyback Still Waits on $7.5B USDe
- —The unlock equals 2.05% of ENA's circulating supply
- —It matches just under 11.6% of ENA's $488.5 million daily turnover
- —USDe sits at $4.66 billion, $2.84 billion short of the buyback trigger
- —About 13.41 billion of 15 billion ENA is circulating, leaving 1.59 billion locked
Why it matters: Fresh tokens will hit the market with no buyback support, adding pressure on ENA's price.
Source: CryptoTicker