Ethena's Prelaunch Futures Surge 22% as ENA Token Is Set To Go Live Next Week
Briefly

from Coindesk1 month ago
Prelaunch futures tied to Ethena's governance token ENA surged 22.29%, suggesting a $500 million+ market cap at inception.
Coindeskhttps://www.coindesk.com/markets/2024/03/29/ethenas-prelaunch-futures-surge-22-as-ena-token-is-set-to-go-live-next-week/
Traders holding USDe will receive 750 million ENA tokens on April 2; unlocking, unstaking, or selling USDe before April 1 disqualifies them from the airdrop.
Coindeskhttps://www.coindesk.com/markets/2024/03/29/ethenas-prelaunch-futures-surge-22-as-ena-token-is-set-to-go-live-next-week/
Binance's launchpool for users to stake BNB and farm ENA tokens likely contributed to the surge in ENA prelaunch futures.
Coindeskhttps://www.coindesk.com/markets/2024/03/29/ethenas-prelaunch-futures-surge-22-as-ena-token-is-set-to-go-live-next-week/
Aevo's pre-listing perpetual futures had a double-digit surge, possibly linked to the Binance launchpool announcement for ENA farming.
Coindeskhttps://www.coindesk.com/markets/2024/03/29/ethenas-prelaunch-futures-surge-22-as-ena-token-is-set-to-go-live-next-week/
Read at Coindesk
#ethena #ena-tokens #airdrop #binance-launchpool
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