#Ethena (ENA) is among $347M token unlocks this week
The coming days will bring a series of high-profile token unlocks. The past year saw multiple VC-backed projects unlock their tokens, with most losing market value due to selling.A series of unlocks will further dilute the supply of several high-profile tokens. Among them will be Ethena (ENA), one of the fastest-growing DeFi protocols in 2024. ENA will be just one token among unlocks, releasing another 0.87% of its supply.Ethena is just starting out on its journey of token unlocks. The currently available tokens are just 1.7B, out of a total supply of 15B. The token’s market cap is around 10% of the fully diluted market capitalization. The coming week will see unlocks valued between $269M and $347M.
