StablecoinX will have restrictions lifted on about 3.03 billion Ethena (ENA) tokens on October 5, 2026, representing around 20% of the total ENA supply. Although the tokens will be unlocked, they remain treasury assets subject to strict sale and transfer controls requiring prior consent from the Ethena Foundation. The waiver removes previous lockup and vesting restrictions but enforces a notice and review process for any sales, allowing the foundation to purchase tokens at the proposed price. This arrangement balances token liquidity with governance oversight to protect the market and strategic interests.
StablecoinX's upcoming ENA token lockup expiry is context for cryptocurrency market activity. For readers following crypto, here is Pluang's market snapshot as of Oct 02, 2026 14:41 WIB: out of 50 major cryptocurrencies, 29 rose and 20 fell. Notable movers include AXS at Rp21.475 with a 3.92% gain and a typical hold time of 62 days, and ATOM at Rp30.973 down 3.11%, showing varied investor behavior.
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