Tomorrow, ENA is set to unlock 0.42% of its total token supply, equivalent to 12.86 million tokens.
This could explain the current slowdown in its price action, as token unlocks often create selling pressure in the market.
Investors may be anticipating a potential increase in supply, leading to cautious behavior or profit-taking ahead of the event.
Such unlocks can also trigger uncertainty, as some participants may fear a short-term dip in value.
However, the actual impact will depend on how the newly unlocked tokens are distributed and whether they are sold or held.