StablecoinX to Lift 48-Month ENA Lock-Up on October 5
- —The ENA lock-up, vesting and unlock schedule are irrevocably cancelled from October 5
- —StablecoinX must notify the foundation 5 business days before selling ENA
- —The Ethena Foundation retains the right to buy back tokens at a stated price
- —StablecoinX's treasury holds about 3 billion ENA, ~20% of the supply
Why it matters: Removing the lock-up on 20% of ENA supply raises the risk of seller pressure, though foundation consent and notice requirements limit a sharp dump.
Source: crypto.news
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