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Ethena’s Pre Launch Futures Surge 22% as ENA Token Is Set To Go Live Next Week

Pre Launch futures tied to decentralized finance protocol Ethena’s impending governance token ENA surged on Friday, implying a market capitalization of over $500 million at inception. The ENA/USD pre-debut futures listed on the decentralized exchange Aevo changed hands at 73 cents during the Asian trading hours, representing a 22.29% gain on a 24-hour basis. Ethena, home to the $1.3 billion USDe token, will airdrop 750 million ENA, equating to 5% of the total supply, to USDe holders on April 2. The stated airdrop figure and the going market price implied by prelaunch futures mean the token could debut with a market capitalization of $547.5 million.


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