ENA Releases $54M Tokens: Is Ethena’s Price Predestined to Decline Due to 2026 Unlock Timeline?

ENA digital currency has been experiencing significant decline recently. Not too long ago, it was positioned within the top 30 cryptocurrencies, but following the sell-off that occurred on October 10-11, most cryptocurrencies, including ENA USDT, have struggled to bounce back and recoup losses.

At the time of writing, ENA crypto has fallen by -30% over the past week, remaining steady on the previous day but generally feeling the strain. Similar to some of the top cryptocurrencies to consider, including BTC and Ethereum, the prevailing trend appears to be downward.

(Source: Coingecko)

From a technical perspective, the situation could deteriorate further for the Ethena price if Bitcoin were to drop below $100,000, a significant psychological level of support. Additionally, there is a fundamental factor that may weaken ENA crypto, not immediately, but in the upcoming months, unless trading market sentiment shifts and investment returns to the crypto space.

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Ethena Unlocks $54M of ENA Crypto, More Unlocks Until April 2027

Earlier today, on November 5, the team released 171.88 million ENA, valued at approximately $55M based on current rates.

This release followed the transfer of another $15.70 million of ENA crypto to the foundation on November 2, part of a sequence that commenced on March 25.

(Source: Tokenomist)

Although the unlock on November 2 was designated for the foundation, as has been the monthly practice since January 1, the 171.88 million released today is set to be allocated to core distributors, receiving about $30 million of ENA, with the remaining funds directed to investors.

Examining the ENA crypto vesting timetable, it is clear that more tokens will be entering circulation over the next couple of months.

To date, 6.81 billion ENA, or around +45.43% of the total supply, has been unlocked. There remains 5.99 billion ENA or approximately +39.94% of the total supply still locked up. Additionally, the team needs to finalize the unlocking schedule for another 2.02 billion ENA, which constitutes +13.49% of the total token supply.

Starting December 1, more ENA will enter secondary markets. According to the ENA release schedule, additional tokens will be released to foster ecosystem development.

This schedule will persist throughout 2026 until April 2027, when all ENA tokens are projected to be unlocked.

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What Will Happen To Ethena Price?

It’s reasonable to inquire about the future of the Ethena price.

As evidenced by ARB price movements, crypto token unlocks, particularly those that prompt immediate liquidation on leading exchanges, often limit gains.

Most individuals who sell instantly, depending primarily on crypto market circumstances, are investors.

Fortunately for ENA holders, out of the total token supply, investors have been allocated approximately +25%. An additional +2% will be allocated to the Binance Launchpad.

(Source: Tokenomist)

If crypto market conditions do not improve and BTC, Ethereum, and even notable Solana meme coins dip below critical support zones, ENA investors may also opt to sell.

On the positive side, a significant portion of the total token supply, over +70%, will remain in the team’s possession.

They might indeed sell, as Charlie Lee of Litecoin has done at trading market peaks. Nonetheless, considering how closely the team is observed, their likely choice will be to LONG-TERM HOLDING, regardless of whether ENA USDT declines.

Currently, ENA crypto is showing support above $0.22. Should this level be breached, ENA USDT could plunge to new all-time lows, potentially below the low from October 10.

Conversely, if the Ethena price manages to find base level and recover from its current level, one analyst predicts ENA USDT could surge to $1.30 in a continued upward trend.

If this is a higher high, Ethena $ENA could be setting up for a move to $1.30. https://t.co/aYETjB57kO pic.twitter.com/cBDHqQgyZf

— Ali (@ali_charts) October 29, 2025

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The post ENA Unlocks $54M Tokens: Is Ethena Price Doomed By Unlock Schedule In 2026? appeared first on 99Bitcoins.