Just saw $ENA drop by over 9% today, and now I know why đ â more than $35 million worth of tokens just got unlocked! đđ„
When a large amount of tokens are released like this, it floods the market with extra supply, which often pushes the price down. Thatâs exactly what happened today.
Itâs a clear example of how unlock events can affect price â something Iâm keeping an eye on now.
Crazy how much these things can impact a coin!