Ethena has ended its monthly investor unlocks 17 months early. All remaining investor tokens now release on a single date, October 5, 2026. The release is 1.41 billion $ENA, worth $212 million, or 14.3% of circulating supply. The Foundation also bought out every large early investor who had been selling. The calendar continues after October. Team and Foundation vesting releases 134 million $ENA a month until March 2028, which averages 4.4 million $ENA a day, or about $667,000 at today's price. Ethena says about 12% of supply stays locked after the change. Its own vesting schedule says 22.8%.
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