Ethena recently unlocked 7.93 million tokens, but this had little impact on the token price. Despite trading in bearish territory and being down 10% in the last 24 hours, the unlock event did not exert downward pressure on the token. Ethena's gradual unlocking strategy aligns with its goal of maintaining stability for the token. This strategy was implemented after a restructuring of the tokenomics which included a 50% lock-up for all airdrop recipients. While this decision initially faced backlash, it seems to be working towards stabilizing the price by discouraging immediate selling and promoting long-term holding.



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