Ethena (ENA) - 40.63MM Token Unlock - 02 Sep 2025

Ethena (ENA) will unlock over 40 million tokens, which is about 0.64% of the current supply. Token unlocks can impact price by increasing the count of tokens that can be sold. If early holders sell their tokens, this could cause prices to fall. Sometimes, if the market knows about the unlock in advance, much of the effect is already factored into the price. But, unexpected or large token sales directly after the unlock could lead to short-term pressure on ENA. source