ENA (Ethena) saw a series of positive news over the past two weeks, leading to a significant price increase. This week, ENA saw a moderate unlocking of 3.3% of the circulating supply. The unlocking ratios for all other tokens were less than 2%.

Ethena

Project Twitter: https://x.com/ethena_labs

Project website: https://www.ethena.fi/

Number of tokens unlocked this time: 210 million

Amount unlocked this time: approximately US$110 million

Ethena Labs' algorithmic stablecoin, USDe, currently relies on collateralized BTC and stETH, along with their inherent yields. It simultaneously creates short positions in Bitcoin and ETH to balance delta and leverages perpetual/futures funding rates to maintain the peg and provide yield. This balance is achieved by using spot gains to offset losses from short positions, while still reaping the benefits of ETH staking and the short position funding rate.

The specific release curve is as follows:

Movement

Project Twitter: https://x.com/movementlabsxyz

Project website: https://movementlabs.xyz/

Number of tokens unlocked this time: 50 million

Amount unlocked this time: approximately US$6.37 million

Movement is a modular framework for building and deploying Move-based infrastructure, applications, and blockchains in any distributed environment. The first version, M1, redefines L1 as a vertically composable and horizontally scalable Layer 1 framework that is compatible with Solidity, connects the EVM and Move liquidity, and allows builders to customize modular and interoperable application chains with different user bases and liquidity out of the box.

The specific release curve is as follows: