Ethena ($ENA ) Token Unlock What Traders Should Watch Closely
Ethena is set to unlock a significant amount of supply in early January, and this event deserves attention. According to data from RootData, approximately 171.88 million $ENA tokens will be unlocked on January 5 at 00:00 (UTC+8), with an estimated market value of around $36.66 million.
Token unlocks often introduce short-term volatility, especially if newly unlocked supply enters the market. While not all unlocked tokens are immediately sold, this increase in circulating supply can create temporary selling pressure and impact price action in the days around the event.
For traders, the key is timing and structure. Markets usually start pricing in unlocks ahead of time, meaning sharp moves can happen before or shortly after the unlock date. For long-term holders, fundamentals and adoption matter more than short-term fluctuations, but risk management remains essential.
In short, this is a liquidity event, not a fundamental failure — but it’s one that smart traders will track carefully.
