周六，交易者等待下一次每月的代币解锁，埃塞纳的价格仍处于压力下。

ENA令牌连续三天减少，自2022年4月以来的挥杆最低。

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

周六，交易者等待下一次每月的代币解锁，埃塞纳的价格仍处于压力下。 ENA代币连续三天减少，自2022年4月以来的挥杆最低。它的秋千下降了几乎80％，比去年11月的最高摇摆。 ENA令牌解锁

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是加密货币行业中最大的球员之一，市值超过16亿美元。它运行了该行业中最大的两杆。旗舰店Ethena USDE Stablecoin的资产超过46.8亿美元，而最近推出的Ethena USDTB累积了超过14.3亿美元。随着稀释量的蒸汽，埃塞纳（Ethena）的价格将在本周成为聚光灯下。根据Defi Llama的说法，令牌总供应总额为150亿，循环供应55亿。

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在每个月的第五个都会发布新的代币。在这种情况下，该网络将在周一释放1.7188亿个标​​记价值5000万美元。这些令牌解锁中的大多数都将分配给包括团队，顾问和承包商在内的内部人员。 7816万个ENA令牌将分配给私营部门投资者。最后一个Ethena令牌解锁将在2028年4月发生，这意味着持有人将继续被稀释。这种稀释是乙烷价格的主要风险。另一个风险是埃塞纳（Ethena）具有很大的内部人员。鲸鱼持有81.24％的令牌，如果他们决定清算，这是一种风险。上个月，一些分析师归因于内部人员的垃圾场，咒语价格崩溃了。此外，USDE存在风险，因为它是一个不受任何硬资产支持的稳定币。乙烯价格分析

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.

每日图表显示，埃塞纳（Ethena）令牌在12月的峰值达到1.3283美元，现在已降至目前的0.2900美元，这是自2022年4月以来的最低水平。它一直低于50天的移动平均水平。

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.

埃塞纳（Ethena）形成了一个下降的通道，现在位于降频道的上侧。相对强度指数（RSI）和MACD指标正在向下趋势。

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，随着卖方将心理点定为0.20美元，ENA价格可能会继续下跌。在频道上侧上方以$ 0.3775的价格移动将使看跌前景无效，并指向更多的收益。