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Ethena Price Plummets After $106 Million Token Unlock as Aave Risk Concerns Grow in Crypto Market

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Ethena is trading lower as fresh concerns around liquidity risks and a major token unlock weigh on investor sentiment. Summary Ethena unlocked $106M in ENA tokens, adding possible sell pressure.Chaos Labs warned of liquidity risks from Ethena’s $4.7B Aave exposure.Technicals show weakening momentum, but major support levels still hold. As of this writing, Ethena (ENA) is trading at $0.586, down 2.9% over the last day. Despite rising more than 130% over the previous m