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ENA still has a large uncirculated supply—will it hit the price hard?

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  • 南乔:The impact will definitely be strong. According to data CoinGecko pulled from Ethena's official vesting API, ENA's circulating supply is about 1.0095 billion tokens, while both the total supply and max supply are 1.5 billion tokens. The uncirculated portion accounts for a considerable share, so once it enters the market, it will have an impact on the price.