7.65亿美元的Ethena Token解锁市场，转移ENA价格前景

Ethena的ENA代币正在经历重大供应量，因为重大释放事件已发布其总供应量的很大一部分。

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令牌正在看到供应动态发生的重大转变，因为重大的解锁事件将代币总供应的很大一部分带入了作用。

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

该活动释放了数十亿个ENA代币，并可能影响流动性和投资者的情绪，已由Blockchain Analytics Platform Tokenomist报道。

Major Insider Unlock Event for ENA Token

ENA令牌的主要内部人士解锁活动

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.

早期投资者，核心贡献者和生态系统开发计划可以使用20.7亿个ENA代币（占流通供应的39％）。新解锁的代币的估计市场价值超过7.65亿美元。

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.

在解锁的代币中，核心贡献者将获得11.3亿ENA，其价值约为4.71亿美元。同时，投资者将获得93750万ENA的访问权限，估计价值3.92亿美元。

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，为生态系统开发分配了793万ENA，价值332万美元。增加的供应可能会影响ENA的价格轨迹，具体取决于接收者如何管理其持股。

ENA Tokens Flow to Binance as Part of Unlocks

ENA代币流向二元，作为解锁的一部分

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上的跟踪平台景点已确定了两个与Ethena Labs相关的钱包，这些钱包在过去一个小时内总共存放了2987万ENA。存款的平均价格为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.

这些钱包以前于2024年7月20日从Ethena Labs的多签名钱包中收到ENA，当时令牌的价格为0.487美元。尽管有这些交易，但其中一个钱包仍然保留了5360万个ENA，目前价值约2020万美元。

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

令牌向交换的移动表明潜在的销售压力，尽管是否所有持有人都会立即卸载其令牌。

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

与Ethena Labs相关的钱包之一已将过去一个小时的#Binance存放在2987万美元（1152万美元）中。

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

这两个钱包在2024年7月20日的价格为0.487美元时，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，一个钱包仍然容纳5360万$ ena，另一个钱包有544万$ ena left.pic.twitter.com/9zc7e47y76

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

- 链上（链条上的@spon）2025年3月5日

ENA Token Price Analysis

ENA令牌价格分析

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

WiseAnalyze的市场分析师Zen指出，解锁的ENA代币占循环供应的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.”

“今天解锁的ENA代币的总价值估计为7.65亿美元（占循环供应量的66％）。随着核心贡献者和投资者开始销售其分配的代币，我们可以预期会有一些销售压力。”

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.

他补充说，尽管庞大的代币可能会施加销售压力，但令牌的价格下跌（比最后一次摇摆率高71％），可能会导致一些持有人在出售之前等待恢复。

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

与@ethena_labs链接的两个钱包共同存放了2987万$ ena，在过去一个小时中，#Binance左右为#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，这两个钱包在2024年7月20日的价格为0.487时都从Ethena Labs的Multi-Sigs那里收到了$ ENA。

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

目前，一个钱包仍然容纳5360万$ ena，另一个钱包有5440万$ 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.

分析师建议谨慎，建议交易者在担任职位之前监控市场量趋势。他指出，如果反弹交易量超过倾销量，则可能会出现短暂的机会。

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.

解锁事件的直接影响尚不确定，但是长期市场反应可能取决于投资者对日益增长的供应的反应。

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的价格为0.3804美元。这在过去24小时内增长了9.21％。但是，在过去的七天中，令牌下降了8.07％。