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Largest Ethena airdrop recipient gets nearly $2M

News Feed - 2024-04-02 09:04:09

Zoltan Vardai11 hours agoLargest Ethena airdrop recipient gets nearly $2MEthena Labs airdropped a total of $450 million worth of tokens to participants.4344 Total views19 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksThe largest recipient of the Ethena Labs airdrop received nearly $2 million worth of Ethena (ENA) tokens on April 2.


The recipient, wallet 0xb56, received 3.3 million Ethena tokens worth $1.96 million, according to on-chain data analyzed by Arkham Intelligence in an April 2 X post.Athena Labs airdrop, wallet forensics. Source:Arkham Intelligence


The Ethena Labs airdrop went live on April 2, distributing $450 million worth of ENA tokens among eligible wallets.


The full airdrop allocation had been distributed by 7:17 am UTC on April 2, according to an X post by Ethena Labs.“The 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.”


After the airdrop claim page went live, the Ethena token was listed for trading at 8:00 am UTC on some of the biggest centralized crypto exchanges, including Binance, Bybit, KuCoin, HTX, MEXC and BitMart.


The Ethena token fell over 15% in the 24 hours leading up to 11:30 am to change hands at $0.5824. ENA is currently the 110th-largest cryptocurrency with a $836 million market capitalization, according to CoinMarketCap data.ENA/USDT, 15-minute chart. Source:CoinMarketCap


Related:Ethena Labs founder clarifies USDe stability amid high yield worries


Ethena Labs launched its USDe synthetic dollar on the public mainnet on Feb. 19. It became the highest-earning decentralized application (DApp) in crypto on March 8 when it offered investors an annual percentage yield (APY) of 67%.


Ethena’s USDe is currently offering a 35.4% yield to over 123,000 users, with a $1.6 billion total value locked (TVL), according to Ethena Labs’ homepage.


The market cap of USDe rose 1.9% in the past week and 135% in the past month to $1.58 billion, according to DefiLlama data.


The Ethena token was listed for farming on the Binance launch pool last week.


There was widespread concern when a fake, copycat ENA token was exploited for $290,000 worth of BNB on March 29. On-chain security firm PeckShield mistook the fake token for the real ENA coin. The real Ethena token suffered no exploit.


Related:How high can Bitcoin go? New BTC price prediction sees cycle top at $180K# Cryptocurrencies# Altcoin# Tokens# AirdropAdd reactionRead moreOpenSea enables support for ERC-721C programmable earnings standardPrice analysis 4/2: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, ADA, AVAXSpot Bitcoin ETF trading volume tripled in March to $111 billion

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