USDe PriceUSDE

Ethena partners with the TON Foundation to introduce USDe and sUSDe into the Telegram ecosystem

Ethena’s native token, ENA, is facing significant bearish pressure shaping its price prediction heading into a large token unlock planned for May 2, 2025. The release of 94.19 million tokens (0.63% of total supply) is a key factor influencing ENA’s near-term market outlook. The estimated value of the unlocking is $30.3 million, amounting to 1.7% of ENA’s market cap. Token unlocks often introduce new supply into circulation, which can depress prices if demand doesn’t keep pace. The May 2 unlock will be followed by an even larger unlock on May 5, releasing 171.85 million ENA (1.15% of total supply), valued at $55.28 million or 3.09% of the market cap. These back-to-back releases raise serious concerns about near-term selling pressure. From the recent low at $0.3018 to the local high at $0.3253, ENA has retraced and bounced precisely around the 0.618 level ($0.3108), a key zone that often marks strong support. The price currently trades at $0.3217, close to the 0.236 retracement level at $0.3193, indicating a modest recovery. However, the inability to reclaim $0.3253 would confirm a local top and possibly signal further downside. The Relative Strength Index (RSI) reading is 54.34, a neutral level indicating room for price movement in either direction. The RSI has trended higher recently, which might point to short-term buying activity, potentially related to the unlock event or a broader relief rally. Related: Token Unlock Calendar May 2025: Key Dates for WhiteBIT, SUI, PYTH, Aptos Additionally, the MACD line has crossed above the signal line, and histogram bars are turning green—typically a bullish indicator. While this crossover could hint at continued upward momentum, the MACD is still hovering around the zero line, meaning the momentum is not strong enough to rule out a reversal. With $30.3 million in tokens entering circulation on May 2 and a larger wave coming just three days later, market participants may preemptively sell or avoid aggressive long positions. A key downside scenario in this ENA price prediction: If the token breaks below $0.3193 support after the May 2 unlock, a move toward $0.3108 (0.618 Fib) or $0.3068 (0.786 Fib) becomes more likely. Related: USDe Operations Shift to BVI as Ethena Closes German Subsidiary On the other hand, if market sentiment holds and buyers absorb the unlocked supply, ENA could reclaim the $0.3253 high. A breakout above this level may open the door to a move toward $0.335 or beyond. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Ethena has partnered with the TON Foundation to bring its synthetic stablecoins, USDe and sUSDe, into the Telegram ecosystem. These assets will also be integrated into Telegram’s native wallet and TON-compatible wallets like Tonkeeper and TONHub.

Ethena is collaborating with the TON Foundation to introduce USDe and sUSDe into the Telegram ecosystem.

Ethena Partners with TON Foundation to Bring USDe and sUSDe to Telegram Ecosystem Ethena Labs and the Ethena Foundation are working with the TON Foundation to bring synthetic stablecoins USDe and sUSDe to the Telegram ecosystem. The integration will bring sUSDe to TON as "tsUSDe," enabling users to access the asset directly through Telegram. In addition, Ethena's products will be integrated into Telegram's native wallet and other TON-compatible wallets, including Tonkeeper and TONHub. Eligible users can receive an additional 10% annualized yield boost on top of existing Ethena rewards when holding tsUSDe in their TON wallets, with a maximum cap of 10,000 tsUSDe per wallet. (The Block)