ENA Price Forecast – Potential Dip After Large Token Unlock

Ethena’s native token, ENA, faces a potential price correction following the planned release of a significant portion of its supply. On May 2nd, approximately $30 million worth of tokens will be unlocked, representing 1.7% of the total market cap, and could trigger short-term selling pressure. While technical indicators suggest some optimism, support for ENA remains under pressure as this large unlock coincides with a second release on May 5th.