7.65億美元的Ethena Token解鎖市場，轉移ENA價格前景

Ethena的ENA代幣正在經歷重大供應量，因為重大釋放事件已發布其總供應量的很大一部分。

Ethena’s ENA token is seeing a major shift in supply dynamics as a significant unlock event brings a substantial portion of the token’s total supply into play.

Ethena的ENA令牌正在看到供應動態發生的重大轉變，因為重大的解鎖事件將代幣總供應的很大一部分帶入了作用。

The event, which unlocks billions of ENA tokens and could influence liquidity and investor sentiment, has been reported by blockchain analytics platform Tokenomist.

該活動釋放了數十億個ENA代幣，並可能影響流動性和投資者的情緒，已由Blockchain Analytics Platform Tokenomist報導。

Major Insider Unlock Event for ENA Token

ENA令牌的主要內部人士解鎖活動

A total of 2.07 billion ENA tokens—amounting to 39% of the circulating supply—have become accessible to early investors, core contributors, and ecosystem development initiatives. The newly unlocked tokens carry an estimated market value exceeding $765 million.

早期投資者，核心貢獻者和生態系統開發計劃可以使用20.7億個ENA代幣（佔流通供應的39％）。新解鎖的代幣的估計市場價值超過7.65億美元。

Out of the unlocked tokens, core contributors will receive 1.13 billion ENA, which is valued at approximately $471 million. Meanwhile, investors will gain access to 937.5 million ENA, with an estimated worth of $392 million.

在解鎖的代幣中，核心貢獻者將獲得11.3億ENA，其價值約為4.71億美元。同時，投資者將獲得93750萬ENA的訪問權限，估計價值3.92億美元。

Additionally, 7.93 million ENA, valued at $3.32 million, is allocated for ecosystem development. The increased supply could influence ENA’s price trajectory, depending on how the recipients decide to manage their holdings.

此外，為生態系統開發分配了793萬ENA，價值332萬美元。增加的供應可能會影響ENA的價格軌跡，具體取決於接收者如何管理其持股。

ENA Tokens Flow to Binance as Part of Unlocks

ENA代幣流向二元，作為解鎖的一部分

Tracking platform Spot On Chain has identified two wallets linked to Ethena Labs that deposited a total of 29.87 million ENA to Binance within the past hour. The deposits were made at an average price of $0.386 per token.

Chain上的跟踪平台景點已確定了兩個與Ethena Labs相關的錢包，這些錢包在過去一個小時內總共存放了2987萬ENA。存款的平均價格為0.386美元。

These wallets previously received ENA from Ethena Labs’ multi-signature wallets on July 20, 2024, when the token was priced at $0.487. Despite these transactions, one of the wallets still retains 53.6 million ENA, which is worth approximately $20.2 million at present.

這些錢包以前於2024年7月20日從Ethena Labs的多簽名錢包中收到ENA，當時令牌的價格為0.487美元。儘管有這些交易，但其中一個錢包仍然保留了5360萬個ENA，目前價值約2020萬美元。

The movement of tokens to exchanges suggests potential selling pressure, although it remains to be seen whether all holders will offload their tokens immediately.

令牌向交換的移動表明潛在的銷售壓力，儘管是否所有持有人都會立即卸載其令牌。

One of the wallets linked to Ethena Labs has deposited 29.87M $ENA ( $11.52M ) to #Binance in the past hour.

與Ethena Labs相關的錢包之一已將過去一個小時的#Binance存放在2987萬美元（1152萬美元）中。

Both wallets received $ENA from Ethena Labs' multi-sigs on July 20, 2024, when the price was $0.487.

這兩個錢包在2024年7月20日的價格為0.487美元時，收到了Ethena Labs的Multi-Sigs $ ENA。

Currently, one wallet still holds 53.6M $ENA and the other has 54.4M $ENA left.pic.twitter.com/9zC7e47y76

目前，一個錢包仍然容納5360萬$ ena，另一個錢包有544萬$ ena left.pic.twitter.com/9zc7e47y76

— Spot On Chain (@Спон на веригата) March 5, 2025

- 鏈上（鏈條上的@spon）2025年3月5日

ENA Token Price Analysis

ENA令牌價格分析

Zen, a market analyst at WiseAnalyze, has noted that the unlocked ENA tokens represent over 66% of the circulating supply.

WiseAnalyze的市場分析師Zen指出，解鎖的ENA代幣佔循環供應的66％以上。

“The total value of ENA tokens being unlocked today is estimated at $765M (66% of circulating supply). We can expect some selling pressure as core contributors and investors begin selling their allocated tokens.”

“今天解鎖的ENA代幣的總價值估計為7.65億美元（佔循環供應量的66％）。隨著核心貢獻者和投資者開始銷售其分配的代幣，我們可以預期會有一些銷售壓力。”

He adds that while the sheer volume of tokens could exert selling pressure, the token’s price decline—down 71% from its last swing high—might induce some holders to wait for a recovery before selling.

他補充說，儘管龐大的代幣可能會施加銷售壓力，但令牌的價格下跌（比最後一次搖擺率高71％），可能會導致一些持有人在出售之前等待恢復。

Two wallets linked to @ethena_labs jointly deposited 29.87M $ENA to #Binance at ~0.386 in the past hour.

與@ethena_labs鏈接的兩個錢包共同存放了2987萬$ ena，在過去一個小時中，#Binance左右為#Binance。

Notably, both wallets received $ENA from Ethena Labs' multi-sigs on July 20, 2024, when the price was 0.487.

值得注意的是，這兩個錢包在2024年7月20日的價格為0.487時都從Ethena Labs的Multi-Sigs那裡收到了$ ENA。

Currently, one wallet still holds 53.6M $ENA and the other has 54.4M $ENA left.pic.twitter.com/f5en8KuuRO

目前，一個錢包仍然容納5360萬$ ena，另一個錢包有5440萬$ ena left.pic.twitter.com/f5en8kuuro

— Zen (@revolution_vp) March 5, 2025

- Zen（@revolution_vp）2025年3月5日

The analyst advises caution, suggesting traders monitor market volume trends before taking positions. He indicates that a short-selling opportunity could emerge if bounce-back trading volume outpaces dip volumes.

分析師建議謹慎，建議交易者在擔任職位之前監控市場量趨勢。他指出，如果反彈交易量超過傾銷量，則可能會出現短暫的機會。

The immediate effect of the unlock event is uncertain, but long-term market reactions could depend on how investors react to the increased token supply.

解鎖事件的直接影響尚不確定，但是長期市場反應可能取決於投資者對日益增長的供應的反應。

ENA, the native token of Ethena, is priced at $0.3804 at press time. This represents a 9.21% increase over the last 24 hours. However, the token has dropped 8.07% over the past seven days.

Ethena的本地令牌Ena的價格為0.3804美元。這在過去24小時內增長了9.21％。但是，在過去的七天中，令牌下降了8.07％。