ENA Unlocking Discrepancy Sparks Confusion Ahead of October 5th

A discrepancy has emerged in the estimated unlocking of Ethereum's native token, $ENA, on October 5th. CoinMarketCap indicates that approximately 1.41 billion $ENA may be unlocked, while DropsTab shows only 171.88 million $ENA will be released. This discrepancy stems from a previously announced schedule change for Ethereum's investor tokens.

DropsTab's figure of 171.88 million $ENA reflects an outdated monthly calendar, which was changed on August 27. Under the new schedule, the remaining investor allocation is planned to be released in a single transaction on October 5th. However, the project team has not disclosed the exact amount to be released in this transaction.

Calculating the accelerated investor allocation under the old schedule, approximately 1.40 billion $ENA is expected to be unlocked. Adding this to the planned October rollout of 93.75 million $ENA for key contributors, the total amount that will become transferable on October 5th reaches approximately 1.5 billion $ENA.

StablecoinX's holdings of approximately 3.03 billion $ENA may also be released to the market, but this does not necessarily mean that all of these tokens can be sold on the same day. The Ethena Foundation must be informed in advance and has the right to purchase all or part of the tokens at the proposed price.

It is unclear how many of these tokens will be sent to exchanges or sold directly, and the gross amount unlocked on the calendar may not be the same as the net amount that will actually become tradable on the market.