CDS Crypto News Ethena Labs’ Governance Token ENA Launches Today and Starts Trading at 64 Cents
Crypto News

Ethena Labs’ Governance Token ENA Launches Today and Starts Trading at 64 Cents

Ethena Labs' governance token ENA is currently trading at $0.7386.

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Ethena Labs' Governance Token ENA Token Launches Today and Starts Trading at 64 Cents

Crypto NewsEthena Labs, a DeFi protocol, has begun accepting claims for its new governance token, ENA.

Ethena Labs’ Governance Token ENA Launches Today and Starts Trading at 64 Cents

Ethena asked holders of USDe to claim their portion of the 750 million ENA token airdrop, which amounts to 5% of the entire supply and is scheduled to list on centralized exchanges, in a post on X on Tuesday.

According to CoinGecko data, after the airdrop started, ENA increased by more than 8% to trade at about 64 cents, with a market valuation of about $500 million.

The “shard campaign,” an early user interaction initiative that allowed users to participate through referral links and awarded them with shards (or points), comes before the airdrop. The total number of shards that each user has accrued as of April 1 determines how many tokens they will receive. In a blog post from last week, Ethena announced that it will launch a campaign with fresh incentives for the next round of the airdrop.

Ethena Labs' Governance Token ENA Launches Today and Starts Trading at 64 Cents
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