Ethena Labs Airdrop ENA Token, Top Recipient Received $1.96M Worth of ENA

Byadmin

The highly-anticipated Ethena Labs airdrop commenced on April 2, distributing $450 million price of ENA tokens amongst eligible wallets.

The highly-anticipated Ethena Labs airdrop commenced on April 2, distributing $450 million price of ENA tokens amongst eligible wallets. In accordance with an announcement by Ethena Labs, your complete airdrop allocation was efficiently distributed by 7:17 am UTC on the identical day.

The biggest recipient of the Ethena Labs airdrop obtained a staggering sum of almost $2 million in Ethena (ENA) tokens. Pockets 0xb56 was the recipient of three.3 million ENA tokens, equal to $1.96 million, as per on-chain knowledge analyzed by Arkham Intelligence.
Following the launch of the airdrop declare web page, the Ethena token was instantly accessible for buying and selling on main centralized cryptocurrency exchanges, together with Binance, Bybit, KuCoin, HTX, MEXC, and BitMart. Nonetheless, ENA initially declined in worth, dropping 15%. On the time of writing, ENA gained 28% to commerce at $0.8146. ENA holds a market capitalization of $1.16 billion, based on CoinMarketCap knowledge.

It is price noting that Ethena Labs gained vital consideration with the launch of its USDe artificial greenback on the general public mainnet again on February 19. On March 8, the platform turned the highest-earning decentralized software (DApp) within the crypto house, providing traders a formidable annual proportion yield (APY) of 67%.

Presently, Ethena’s USDe continues to draw customers with its attractive 35.4% yield, which has enticed over 123,000 people to lock in a complete worth of $1.6 billion, as reported on Ethena Labs’ homepage. Over the previous month, the market capitalization of USDe has surged by 135% to succeed in $1.58 billion, making it the fifth-largest stablecoin, based on CoinMarketCap knowledge.

This text incorporates hyperlinks to third-party web sites or different content material for data functions solely (“Third-Celebration Websites”). The Third-Celebration Websites are usually not beneath the management of CoinMarketCap, and CoinMarketCap will not be accountable for the content material of any Third-Celebration Website, together with with out limitation any hyperlink contained in a Third-Celebration Website, or any modifications or updates to a Third-Celebration Website. CoinMarketCap is offering these hyperlinks to you solely as a comfort, and the inclusion of any hyperlink doesn’t suggest endorsement, approval or advice by CoinMarketCap of the positioning or any affiliation with its operators.
This text is meant for use and have to be used for informational functions solely. It is very important do your individual analysis and evaluation earlier than making any materials selections associated to any of the services or products described. This text will not be supposed as, and shall not be construed as, monetary recommendation.
The views and opinions expressed on this article are the creator’s [company’s] personal and don’t essentially replicate these of CoinMarketCap.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *