Ethena (ENA) crypto just got listed on Robinhood, but funny enough, the price actually dipped 1% right after the news. It all circles back to those ongoing token unlocks weighing on the market.
On November 5, around 171.88 million ENA tokens were unlocked, worth about 57.5 million dollars at $0.316. This came right after another $15.7 million unlock on November 2. These unlocks are part of a monthly schedule that runs until April 2027, slowly adding more tokens into circulation.
The total circulating supply now sits at 7.42 billion out of 15 billion, and each unlock so far has been followed by a price drop. After the October 10 unlock, ENA fell about 30 percent in a week. Since early investors and the team still hold roughly 70 percent of the supply, people are worried they could be taking profits when trading volume is low.
$ENA is now available to trade on Robinhood. pic.twitter.com/tpDrgyh7qU
— Robinhood (@RobinhoodApp) November 6, 2025
In a normal market, this selling might be absorbed. But with altcoins seeing outflows, the sell pressure is hitting harder. That is why ENA is down about 40 percent this month and could still fall more.
Meanwhile, Bitcoin dominance climbed to 60 percent, up almost 2 percent in a month, while the Altcoin Season Index dropped to 23, near 2025 lows. Investors are clearly shifting back to Bitcoin as uncertainty grows around things like U.S. government shutdown risks and Fed policy.
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Your Second Chance On Ethena (ENA) Crypto? Or Is It Dead
This isn’t the first time Ethena (ENA) crypto has dropped to this zone, but this time feels like a make-or-break moment. ENA is sitting just above a major support range between 0.27 and 0.26, the same area that sparked strong rebounds before.
After months of steady selling, the price is testing that zone again, and how it reacts here could shape the next big move. If buyers step up and hold the line, ENA could bounce toward the 0.40 to 0.45 range.
If it slips clean below 0.26, though, things could get rough, with a possible drop back to 0.20. Right now, it’s a key turning point — either a solid base for a recovery or the start of another slide.
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PepeNode Might Be Even Better: Next Big Thing?
PepeNode is shaking things up while the rest of the market looks shaky. It is a virtual mining game where anyone can earn crypto without expensive hardware or power costs. You build and upgrade digital rigs, buy nodes, and expand your setup to generate PEPENODE tokens, which can then earn you rewards in top meme coins.
What makes it different is its token system. About 70 percent of tokens spent on upgrades are permanently burned, keeping supply low and helping long-term value. Players can already stake their tokens for a wild 627 percent APY even before launch.
It feels like early Bitcoin mining, but virtual, easy to join, and way more fun. PepeNode has already raised over 2 million dollars, and you can jump in using ETH, BNB, USDT, or even credit cards.
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Key Takeaways
- Ethena (ENA) is under heavy sell pressure from ongoing token unlocks, dropping 40% this month despite its Robinhood listing.
- PepeNode’s sustainable design and huge staking rewards make it a fresh play while ENA struggles at key support.
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