Approximately $75 million worth of $ENA unlocks per month at current prices, and this will continue until April 2028. Hence why ENA finds it hard to have a prolonged rally; since launch, every bounce gets sold quickly.
There are no buybacks or token burns, leading many investors to praise the product but criticize its awful tokenomics. Still, some say if momentum picks up, these unlocks will have little to no impact. Is that true?
$ENA chart looking like it just copied the Wall Street Cheat Sheet 😂
Are we in Anger or Depression now? 👀 pic.twitter.com/Ahe7KBIb6K
— Chill Trader (@Chill_trader99) July 3, 2025
DISCOVER: Best Meme Coin ICOs to Invest in 2025
Ethena Crypto Bounce or Die?
Ethena crypto went from over 1.21 to under 0.25 within the last seven months. One of the worst charts among the top 100 cryptocurrencies. However, the Ethena product’s total value locked hit an all-time high of 6.8B just days ago.
Looking at this chart, the price is on a downtrend, and the EMA indicators (50, 100, and 200) are giving a bearish vibe. It’s been rejecting the higher levels around the 0.2800-0.2900 range and now seems to be looking for support around the 0.2490-0.2500 zone.
Currently, there are no clear signs of a bullish break, so the short-term outlook is still bearish. If you’re looking to go long, you’d need a strong confirmation, something like the price pushing above the 0.2700 mark.
In the long run, if it keeps holding below the key resistance zones, we could see more downside. However, watch for a retracement if the price holds up above 0.2500.
The next token unlock is today, the 5th of July, so it’s fair to expect a price drop. A lot of chartists are calling for a short-term bounce after the event if the price holds these key support levels.
Ethena crypto currently has over 729K users and works on over 24 chains. With over 6.8B in TVL, ENA is giving only 4% APY. On the other hand, Snorter, the telegram trading bot, gives over 200% APY for its presale participants.
Snorter Presale On Fire: Raising Almost 2M And Counting
This isn’t your average meme coin; it’s a Telegram bot that trades for you, very quickly and safely, perfect for the current market. Snorter is fast and glitch-free, keeping you ahead of the game when it matters.
Snorter eliminates the need for slow DApp swaps. It swaps fast with a tiny 0.85% fee, way cheaper than the 1% most bots charge. Plus, it’s got MEV/sandwich protection and honeypot detection to keep your trades secure. And don’t forget, it’s offering a huge 231% APY staking reward, plus free tokens just for holding.
No lag. No mercy. Fully bullish. pic.twitter.com/zob2TUN0TC
— Snorter (@SnorterToken) July 3, 2025
$SNORT is currently in its presale phase and is still very early in development. Before the price jumps, it had raised over $1.5 million and currently trading at a low of $0.095. Consider getting it now before the price increases and the market begins to recover.
Now past $1.45 million in presale, Snorter Token (SNORT) is set up for big moves, giving traders the edge in a market where timing and quick action are key.
The presale is live and accessible via the Snorter Token site, supporting SOL, ETH, BNB, USDT, USDC, and credit card payments.
Best Wallet is available now on Google Play or the Apple App Store.
Follow Snorter on X and Instagram for the latest updates.
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Key Takeaways
- Ethena’s price struggles due to high token unlocks and a lack of buybacks/burns.
- Short-term outlook is bearish, but potential for a bounce if support holds.
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