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Token Unlock Details
Unlock Date: May 5th 2026
Tokens to be Unlocked: 171.88 million ENA
%Circulating supply- 2.12%
Total Supply- 15 billion ENA
On May 5, 2026, Ethena (ENA) underwent a sizable scheduled token unblock, releasing between 171.88 million and 284 million tokens, or around 2% of the total supply, worth as much as USD 28.6 million. This monthly vesting event, which is part of a linear schedule running through 2028, has increased the circulating supply to 56.4%. However, in the past, these influxes of liquidity have caused significant price drops of 30-40%. Given the current macroeconomic environment of increasing yields and geopolitical uncertainty arising from US-Iran relations, this most recent unlock might generate more selling pressure on the asset as it pursues its long-term distribution plan to foundation and ecosystem contributors.
|
Round |
% of Allocation |
|
Core Contributors |
+2.08% (+93.74M tokens) |
|
Investors |
+2.08% (+78.11M tokens) |
