{"id":75021,"date":"2024-04-02T09:19:45","date_gmt":"2024-04-02T13:19:45","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=75021"},"modified":"2024-04-02T09:19:48","modified_gmt":"2024-04-02T13:19:48","slug":"ethena-airdrop-recipient-gets-nearly-2m-worth-of-tokens","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ethena-airdrop-recipient-gets-nearly-2m-worth-of-tokens\/","title":{"rendered":"Ethena Airdrop Recipient Gets Nearly $2M Worth of Tokens"},"content":{"rendered":"\n

On April 2, the largest beneficiary of the Ethena Labs airdrop<\/a> got over $2 million worth of Ethena (ENA) tokens out of $450 million.<\/p>\n\n\n\n

\"Ethena<\/figure>\n\n\n\n

Wallet 0xb56 received 3.3 million Ethena tokens valued at $1.96 million, according to an April 2 X post by Arkham Intelligence that analyzed on-chain data.<\/p>\n\n\n\n

\"Ethena
Ethena Labs airdrop, wallet forensics. Source:\u00a0<\/em>Arkham Intelligence\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n

The April 2 airdrop by Ethena Labs distributed ENA tokens valued at $450 million to eligible wallets.<\/p>\n\n\n\n

As of 7:17 am UTC on April 2, the complete airdrop allocation had been distributed, as stated in an X post by Ethena Labs.<\/p>\n\n\n\n

\n

\u201cThe full 5% of $ENA has already been distributed to the claim smart contracts. The core contributors will be working around the clock to support with any questions on the claimable $ENA.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

Some of the largest centralized cryptocurrency exchanges, including Binance, Bybit, KuCoin, HTX, MEXC, and BitMart, listed the Ethena token for trading at 8 am UTC following the launch of the airdrop claim page.<\/p>\n\n\n\n

The price of an Ethena token decreased by more than 15% in the twenty-four hours preceding 11:30 am UTC, arriving at $0.5824. CoinMarketCap data indicates that ENA is the 110th largest cryptocurrency, boasting a market capitalization<\/a> of $836 million.<\/p>\n\n\n\n

\"ENA\/USDT,
ENA\/USDT, 15-minute chart. Source:\u00a0CoinMarketCap<\/use><\/svg><\/span><\/a><\/figcaption><\/figure>\n\n\n\n

On February 19, Ethena Labs introduced the USDe synthetic dollar to the public mainnet. On March 8, it granted investors access to cryptocurrency's highest-earning decentralized application (DApp) by presenting an annual percentage yield (APY) of 67%.<\/p>\n\n\n\n

According to the homepage of Ethena Labs, USDe is presently providing a 35.4% yield to more than 123,000 consumers, accompanied by a total value locked (TVL) of $1.6 billion.<\/p>\n\n\n\n

According to data from DefiLlama, the market capitalization of USDe increased by 1.9% one week ago and 135% one month ago, reaching $1.58 billion.<\/p>\n\n\n\n

A week ago, the Ethena token became available for mining on the Binance launch pool.<\/p>\n\n\n\n

The March 29 exploitation of a counterfeit replica ENA token for BNB worth $290,000 sparked widespread concern. PeckShield, an on-chain security firm, erroneously identified the counterfeit token as the authentic ENA coin. Unpatentable was the genuine Ethena token.<\/p>\n","protected":false},"excerpt":{"rendered":"

On April 2, the largest beneficiary of the Ethena Labs airdrop got over $2 million worth of Ethena (ENA) tokens out of $450 million. Wallet 0xb56 received 3.3 million Ethena tokens valued at $1.96 million, according to an April 2 X post by Arkham Intelligence that analyzed on-chain data. The April 2 airdrop by Ethena […]<\/p>\n","protected":false},"author":12,"featured_media":73196,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[19015,19014,18451],"class_list":["post-75021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ena-tokens","tag-ethena-airdrop","tag-ethena-labs"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/image-37.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/75021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=75021"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/75021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/73196"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=75021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=75021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=75021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}