Galaxy Digital Withdraws 9.03M ENA From FalconX As Price Surges 32%

Six hours ago, a Galaxy Digital-associated address withdrew 9.03 million ENA tokens from FalconX, valued at approximately $2.56 million USD.

六小时前 Galaxy Digital 关联地址从 #FalconX 提出 903 万枚 $ENA ，价值 256 万美金

随着大盘反弹，ENA 币价近七日涨幅达 32.51%，现价 $0.2762📈 看能不能稳住到第二期空投发放的时候

钱包地址 https://t.co/zdToxqXkJA pic.twitter.com/VJ27bPTJ0T

— Ai 姨 (@ai_9684xtpa) September 24, 2024

This move comes as the market rebounds, with ENA experiencing a 32.51% price increase over the past seven days. Currently, the price of ENA sits at $0.2762, and investors are watching closely to see if the token can maintain its momentum ahead of the second round of airdrops.

New coins on #Binance with no token unlocks until next year that will run hard #altseason$ALT next unlock in Jan 2025$ETHFI next unlock in March 2025$ENA next unlock in March 2025$REZ next unlock in April 2025$OMNI next unlock in April 2025$SAGA next unlock in April 2025 pic.twitter.com/ygMVphbVX4

— bx (@BXRCapital) September 24, 2024

ENA Fueled By Binance Listing Announcement Gains More Attention 

ENA has gained significant attention as one of the newer listings on Binance, and the fact that there are no token unlocks until next year adds to its allure. The next major event for ENA will be the token unlock scheduled for April 2, 2025, when 108.9% of the circulating supply will be released, representing a total value of $633.39 million. This massive unlock could influence the token’s price trajectory depending on market conditions and demand at the time.

🔐 Önümüzdeki aylarda gerçekleşecek
BÜYÜK kilit açılımları 🔓

1️⃣ #Tia $TIA #Celestia
• Dolaşımdaki arzın %82.3’ü büyüklüğünde kilit açılımı 📈
• Tarih: 31 Ekim 2024 📅
• Kilit açılımı büyüklüğü: 941 milyon $ 💰

2️⃣ #Ethena $ENA
• Dolaşımdaki arzın %108.9’u büyüklüğünde… pic.twitter.com/CNQEzhEF9z

— Genç Trader (@GencTraderr) September 24, 2024

As it stands, the ENA market is in a period of growth, but the long-term outlook will hinge on how well it performs leading up to the unlock. Short-term traders and long-term holders alike are keeping a close eye on the price action and market sentiment, especially as more details about upcoming airdrops are expected.

With ENA’s price on the rise and no major supply influx until 2025, the token’s future could be promising, provided it maintains its current upward momentum. However, the upcoming token unlock represents a key event that will likely shape ENA’s market in the longer term.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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