Ethena Labs airdropped a total of $450 million worth of tokens to participants.
The largest recipient of the Ethena Labs airdrop received nearly $2 million worth of Ethena 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“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 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 UTC to change hands at $0.5824. ENA is currently the 110th largest cryptocurrency with a $836 million market capitalization, according toEthena’s USDe is currently offering a 35.4% yield to over 123,000 users, with a $1.6 billion total value locked , according to Ethena Labs’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.Bitcoin resets bull market BTC price metrics as April dip passes 7%
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