Pendle

Ethena

<p>Token unlocks are pivotal events in the cryptocurrency life cycle. They significantly impact a token’s supply and demand dynamics, as token unlocks refer to the scheduled release of locked tokens. As new tokens enter the market, investors and stakeholders keenly observe these events for potential market fluctuations.</p><p>Typically outlined in a project’s roadmap, they distribute tokens to early investors, team members or upon reaching specific project milestones. Understanding the timing and scale of these token releases can provide valuable insights into potential market trends and investment opportunities. This blog discusses the tokens unlocked from June 2 to June 8.</p><h2 id="header-0"><strong>Upcoming Tokens Unlock</strong></h2><h3 id="strong-ena-strong"><strong>ENA</strong></h3><p><a href="https://cryptotale.org/analyst-predicts-major-gains-for-ena-and-arb-amid-breakout-signals/" rel="noopener noreferrer nofollow">Ethena</a> has unlocked 7.8% of the tokens, which is 1,193,314,399.90 ENA, and is about to release 3.62% of the tokens worth $47.23m on 02 June 2024. At the time of writing, Ethena’s market price was $0.8806, and its total volume (24h) was $242,577,905 (273,195,073 ENA).</p><p>It has a market capitalization of $1,339,115,631 and a circulating supply of 1,479,139,274.28 ENA. The Relative Strength Index (RSI) of the coin is 53.35, which indicates that the momentum is neutral. On the other hand, the Moving Average Convergence Divergence (MACD) points to a bearish trend. In addition, the coin price decreased by 0.44% in the last 7 days.</p><p><a href="https://cryptotale.org/token-unlocks-of-the-coming-week-ena-and-pendle-awaiting-for-best-moves/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a></p><p><strong>Visit the links for more information </strong><a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|</p>

Token Unlocks of The Coming Week: ENA and PENDLE Awaiting For Best Moves

Table of Contents

CryptoTale

Other articles published on Jun 3, 2024

Cardano Revenue Drops to 3-Year Low Amid ETH Surge

GME vs Dogecoin: Which Meme Coin Will Hit $1 First In 2024

Monochrome Unveils Australia’s First Spot Bitcoin ETF with Direct Holdings

XRP Price Struggle Continues: Will It Find Support?

The Exciting New World of Crypto and Betting

BlockDAG’s Dashboard Elevates Transparency, Aiming for 30,000x ROI Amid ETH vs. SOL Competition &...

Join our free newsletter for daily crypto updates!