週六，交易者等待下一次每月的代幣解鎖，埃塞納的價格仍處於壓力下。

ENA令牌連續三天減少，自2022年4月以來的揮桿最低。

The price of Ethena remained under pressure on Saturday as traders awaited the next monthly token unlock. The ENA token has decreased for three consecutive days, reaching its lowest swing since April 2022. It has fallen by almost 80% from its highest swing in November last year. ENA Token Unlock

週六，交易者等待下一次每月的代幣解鎖，埃塞納的價格仍處於壓力下。 ENA代幣連續三天減少，自2022年4月以來的揮桿最低。它的鞦韆下降了幾乎80％，比去年11月的最高搖擺。 ENA令牌解鎖

Ethena is one of the biggest players in the crypto industry with over $1.6 billion in market cap. It runs two of the largest stablecoins in the industry. The flagship Ethena USDe stablecoin has over $4.68 billion in assets, while the recently launched Ethena USDtb has accumulated over $1.43 billion. The price of Ethena will be in the spotlight this week as the dilution gains steam. According to DeFi Llama, the token has a total supply of 15 billion and a circulating supply of 5.5 billion.

Ethena是加密貨幣行業中最大的球員之一，市值超過16億美元。它運行了該行業中最大的兩杆。旗艦店Ethena USDE Stablecoin的資產超過46.8億美元，而最近推出的Ethena USDTB累積了超過14.3億美元。隨著稀釋量的蒸汽，埃塞納（Ethena）的價格將在本周成為聚光燈下。根據Defi Llama的說法，令牌總供應總額為150億，循環供應55億。

Ethena releases new tokens on the fifth of every month. In this case, the network will unlock 171.88 million tokens worth $50 million on Monday. Most of these token unlocks will be allocated to insiders, including the team, advisors, and contractors. 78.16 million ENA tokens will be allocated to a private sector investor. The last Ethena token unlock will happen in April 2028, meaning that the holders will continue to be diluted. This dilution is a major risk to the price of Ethena. The other risk is that Ethena has a large concentration of insiders. Whales hold 81.24% of the tokens, which is a risk if they decide to liquidate. Last month, Mantra price crashed in what some analysts attributed to a dump by insiders. Furthermore, there is a risk associated with USDe, as it is a stablecoin that is not backed by any hard assets. Ethena Price Analysis

Ethena在每個月的第五個都會發布新的代幣。在這種情況下，該網絡將在周一釋放1.7188億個標​​記價值5000萬美元。這些令牌解鎖中的大多數都將分配給包括團隊，顧問和承包商在內的內部人員。 7816萬個ENA令牌將分配給私營部門投資者。最後一個Ethena令牌解鎖將在2028年4月發生，這意味著持有人將繼續被稀釋。這種稀釋是乙烷價格的主要風險。另一個風險是埃塞納（Ethena）具有很大的內部人員。鯨魚持有81.24％的令牌，如果他們決定清算，這是一種風險。上個月，一些分析師歸因於內部人員的垃圾場，咒語價格崩潰了。此外，USDE存在風險，因為它是一個不受任何硬資產支持的穩定幣。乙烯價格分析

The daily chart shows that the Ethena token peaked at $1.3283 in December and has now dropped to the current $0.2900, its lowest level since April 2022. It has remained below the 50-day moving average.

每日圖表顯示，埃塞納（Ethena）令牌在12月的峰值達到1.3283美元，現在已降至目前的0.2900美元，這是自2022年4月以來的最低水平。它一直低於50天的移動平均水平。

Ethena has formed a falling channel and is now below the upper side of the descending channel. The Relative Strength Index (RSI) and the MACD indicators are trending downwards.

埃塞納（Ethena）形成了一個下降的通道，現在位於降頻道的上側。相對強度指數（RSI）和MACD指標正在向下趨勢。

Therefore, the ENA price is likely to continue to fall as sellers target the psychological point at $0.20. A move above the upper side of the channel at $0.3775 will invalidate the bearish outlook and point to more gains.

因此，隨著賣方將心理點定為0.20美元，ENA價格可能會繼續下跌。在頻道上側上方以$ 0.3775的價格移動將使看跌前景無效，並指向更多的收益。