Ethena (ENA) Price Climbs 7%, But Selling Pressure Brings Uncertainty
Ethena (ENA) has recently gained attention as its price rose by 7%. However, concerns over significant selloffs and upcoming token unlocks have created doubts about its sustainability. Investors are wary as these unlock events could lead to increased selling pressure, impacting the token’s future price movements. Market watchers are closely analyzing these dynamics to gauge what lies ahead for Ethena. While the price rise has generated some excitement, the underlying uncertainty makes it crucial for investors to stay informed about developments surrounding this token. The situation remains fluid, and stakeholders are advised to approach this emerging market cautiously.