ETHENA URGENT UPDATE ๐ฅ๐ฅ๐ฅ๐ฅ
๐- The governance token of the Ethena protocol, ENA, has been successfully launched on major exchanges, showing an immediate positive performance of +90%.
๐- The token launch included an airdrop to the platform's first users, distributing a total of 750 million ENA to USDe holders.
๐- ENA's debut on exchanges like Binance, Bybit, and HTX has been met with enthusiasm, with a current trading price of $0.59 and a market capitalization of $840 million.
๐- The airdrop, totaling $450 million, was distributed to the community, with 750 million ENA tokens allocated to USDe holders.
๐- Ethena's success, which has quickly gathered around $1.3 billion, is partly attributed to the hype surrounding the airdrop, appealing to farmers.
๐- The project is now looking ahead to the second phase of distribution, aiming to maximize the protocol's usage and push ENA's token price to $1.
๐- April is expected to see the launch of several new cryptocurrencies with accompanying airdrops, including the highly anticipated W token by Wormhole and the utility token NIBI by Nibi Chain.
๐- Other potential token launches in April include EIGEN (Eigenlayer), Mode Network, Kamino Finance, MarginFi, MerkleTrade, and possibly a layer-2 ZkSync Era airdrop, expected to be the richest of 2024.
๐- These developments indicate a dynamic and eventful month ahead in the crypto space, with various projects launching tokens and conducting airdrops to engage and reward their communities.
