Ethena Token Unlock Schedule
Track ENA token unlocks and vesting releases for Ethena. View upcoming unlock dates, cliff schedules, and circulating supply impact.
Produced by Tokenomics.com in collaboration with BlackTokenomics.
Track ENA token unlocks and vesting releases for Ethena. View upcoming unlock dates, cliff schedules, and circulating supply impact.
Detailed breakdown of all scheduled ENA token unlocks
Track historical unlock events and their impact on price
Key questions and answers about Ethena token unlocks and vesting schedule
Ethena's token unlock schedule spans from March 5, 2024 to March 5, 2028 (~48 months), releasing a total of 15,000,000,000 ENA tokens across 49 unlock events. The initial circulating supply at TGE was 0% of total supply. As of now, 58.3% of all tokens have been unlocked.
ENA has a total supply of 15,000,000,000 tokens. As of May 2026, approximately 60.2% (9,026,562,500 tokens) are in circulation per market data, while 41.7% (6,256,593,750 tokens) remain locked per the vesting schedule.
The next ENA token unlock is scheduled for June 5, 2026 (in 23 days), releasing 284,390,625 tokens (1.9% of total supply). This unlock represents 3.3% of Ethena's current market cap.
Recipient breakdown for this unlock:
Token unlocks increase circulating supply, which can create selling pressure. The largest upcoming ENA unlock releases 3.3% of market cap worth of tokens on June 5, 2026. In total, 22 upcoming unlocks will release 6,256,593,750 tokens (41.7% of total supply).
Larger unlocks relative to market cap tend to generate stronger selling pressure. Unlocks going to investors and insiders are often considered higher-risk for price impact than those going to community or ecosystem pools.
ENA token unlocks are distributed to 4 groups: Insiders, Community, Investors, and Foundation. The largest allocation (30%) goes to Insiders.
Insiders (30%) — 4,500,000,000 ENA:
Community (30%) — 4,500,000,000 ENA:
Investors (25%) — 3,750,000,000 ENA:
Foundation (15%) — 2,250,000,000 ENA:
All ENA tokens will be fully vested by March 5, 2028 approximately 22 months from now. Currently 58.3% of the total supply has been released, with 41.7% (6,256,593,750 tokens) remaining across 22 future unlock events.
