Here’s a weird pattern: $ENA often prints a new low even when many altcoins are holding up well against $BTC.
That’s painful if you’re trading it. You see the market stabilizing, other alts showing relative strength, and you assume the worst is over… then $ENA dips again and wipes out late buyers.
A big reason may be the monthly token unlocks. Every month, a fresh batch of $ENA enters circulation, which means new supply hitting the market regardless of sentiment. Even if demand stays flat, that extra supply can push price down. Traders watching only the chart might think the move is random, but the unlock schedule quietly creates recurring sell pressure.
This is why some tokens lag even during decent market conditions. If $BTC and $ETH stabilize but a project keeps releasing tokens to early investors, teams, or funds, many of those recipients eventually sell. The result is steady distribution that can drag price lower while other alts grind up.
Before buying any alt, it’s worth checking the unlock schedule. If supply keeps expanding every 30 days, price may struggle no matter how strong the narrative looks.
Anyone else tracking how unlock-driven supply affects $ENA’s price action?