Excitement brews in the cryptocurrency community as Ethena experiences a notable 9% surge in value today. However, amidst this upward momentum, significant developments regarding token distribution and market dynamics have come to light. In a move to enhance token distribution and decentralization, Ethena has implemented a phased airdrop strategy. The top 2000 Ethena holders will see 50% of their tokens locked in the initial phase of the airdrop, with the remainder gradually unlocking over a span of six months. The first phase of airdrops, unlocking in the first month, commenced on May 2nd, signaling the beginning of token distribution. Ethena
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