Token Unlock Details
Unlock Date: Dec 2nd , 2025
Tokens to be Unlocked: 94.19 million ENA token (0.63% of total supply)
%Circulating supply- 3.20%
Total Supply- 15 billion ENA
Ethena (ENA) will open 94.19 million tokens on December 2, 2025—valued at about $26.9 million at current prices and representing 0.63% of total supply—marking one of the project's most significant unlock events this year. Continuing the steady rise in circulating supply since launch, the planned multi-year vesting schedule's release distributes tokens to the team, early investors, ecosystem development, and community projects. Although the percentage is small, the market pays great attention to such scheduled unlocks for possible short-term selling pressure and volatility in the ENA price.
|
Round |
% of Allocation |
|
Ecosystem Incentives |
+1.19% (+53.55M tokens) |
|
Foundation |
+1.81% (+40.64M tokens) |
|
Recipient |
Amount (million JUP) |
|
Core Team |
38.89 |
|
Mercurial Stakeholders |
14.58 |


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