Can Ethena’s $ENA Hit $1.30 After Token Unlock and USDe Expansion?

Ethena ($ENA) is facing an uncertain market outlook as its major token unlock approaches. The upcoming 94.19 million ENA token release, representing about 0.63% of the total supply, could impact liquidity significantly, while the expansion of USDe stablecoin across key DeFi ecosystems offers potential for growth. Will this token unlock trigger a price surge to reach $1.30? Let’s explore.