$ENA has a supply event coming on July 2
Tokenomist shows the next Ethena unlock on July 2, 2026. DropsTab estimates it at around 94.19M ENA, or 0.63% of total supply. (Tokenomist)
This is not a huge unlock, but timing matters.
In a strong market, this could be absorbed without much reaction.
In a weak BTC market, even medium unlocks can become part of the sell-pressure narrative.
I would not call this a panic signal.
But I would definitely call it a supply-risk checkpoint.
Are traders still underestimating unlock calendars?
$ENA $BTC
Tokenomist shows the next Ethena unlock on July 2, 2026. DropsTab estimates it at around 94.19M ENA, or 0.63% of total supply. (Tokenomist)
This is not a huge unlock, but timing matters.
In a strong market, this could be absorbed without much reaction.
In a weak BTC market, even medium unlocks can become part of the sell-pressure narrative.
I would not call this a panic signal.
But I would definitely call it a supply-risk checkpoint.
Are traders still underestimating unlock calendars?
$ENA $BTC