Ethena (ENA) experienced a 10% price surge as 94.2 million ENA tokens were unlocked on September 2, 2025. The tokens, valued at $63.1 million, were released at 15:00 UTC+8, with 53.55 million ENA allocated to the ecosystem fund and 40.64 million ENA to the foundation. This significant unlock is anticipated to influence market liquidity and price stability. Currently priced at $0.69, Ethena's market cap has reached $4.6 billion, positioning it among the top gainers. The token unlock coincides with Ethena's recent achievements, including its synthetic dollar USDe surpassing a $12 billion market cap. The ENA token shows potential for further bullish momentum, with a possible breakout above $0.80.