Linea and Ethena have collectively unlocked 126.9 million tokens valued at $134.9 million within a week. Linea, a zk-rollup by ConsenSys, released 1.09 billion tokens worth $30.69 million. Meanwhile, Ethena Labs unlocked 171 million tokens valued at $104 million. Ethena's USDe stablecoin, backed by BTC and stETH, uses short positions to maintain its peg and generate yield.
Linea and Ethena Unlock $134.9M in Tokens Over One Week
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.