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Ethena's ENA token drops over 13% amid early investor unlock and exchange activity on Oct 13, 2026

Market News
12 Oct 2026
Tokenpost
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Bearish
Ethena's ENA token drops over 13% amid early investor unlock and exchange activity on Oct 13, 2026

Ethena's governance token ENA traded near $0.20 on October 13, 2026, showing declines between 13.23% and 15.76% in 24 hours. The drop coincided with increased exchange inflows and an accelerated release of original investor allocations, which were moved up by about 17 months to a single release on October 5, 2026. While these factors drew market attention, there is no clear evidence that the exchange activity or early unlock directly caused the price decline. Team and foundation allocations remain on their original vesting schedules. ENA is used in Ethena's Ethereum-based synthetic-dollar ecosystem.

Ethena's ENA token has drawn attention due to recent exchange inflows and early investor unlocks, coinciding with a price drop near $0.20 as reported. On Pluang, ENA trades at Rp3.744 with a 12.54% decrease over one day as of Oct 13, 2026, 10:11 WIB. The token's market cap stands at Rp49,75 trillion, with a 24-hour trading volume of Rp10,79 trillion. Pluang users show a selling bias with 57% sell orders and a typical holding period of 44 days.

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