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May 05: Ethena is scheduled to unlock 171.88M $ENA, representing 2.12% of the circulating supply, with an estimated value of $17.28M
This upcoming unlock marks a notable supply event for the token, as a substantial amount of previously locked $ENA is set to enter the market at once
Increased circulating supply often brings heightened attention to short-term price dynamics, especially in periods where liquidity and sentiment are already shifting across the broader crypto market
Traders and investors will now be closely watching whether this new supply is smoothly absorbed by demand — or whether it introduces additional volatility into $ENA’s price action in the days ahead
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