Altcoin
Ethena Labs Revamps ENA Tokenomics, Introduces Forced Vesting
Ethena Labs has announced restructuring its tokenomics model for the ENA token, implementing mandatory vesting conditions to promote long-term holding among its recipients. This change affects all users receiving ENA, particularly from initiatives like the Shard Campaign, compelling them to lock at least 50% of their tokens using one of three designated methods. This strategy aims to transition the user base from short-term traders to long-term investors.
Ethena Labs Sets New Token Vesting Rules
As part of the new policy, users must now choose to lock their tokens through Ethena locking, PT-ENA on Pendle, or Symbiotic Restaking. This requirement comes with a strict caveat: those who fail to comply will see their unvested tokens redistributed among users who adhere to the vesting mandate. This redistribution mechanism incentivizes participation and adherence to the new system. The Ethena team has clarified that any tokens forfeited in this manner will not be retained by the foundation, its team, or any investors, ensuring a fair and transparent reallocation process.
In addition to the vesting requirements, Ethena Labs will provide detailed instructions on navigating the new system by June 23rd, coinciding with the weekly ENA vesting claim. This timeline offers users a brief period to familiarize themselves with the requirements and prepare for compliance.
ENA Holders Gain from New Staking Options
Enhancing the utility of the ENA token, Ethena has introduced new staking capabilities, which are integral to its broader financial ecosystem strategy. Users now have the option to lock ENA within Ethena for future rewards, participate in PT-ENA pools on Pendle Finance for a fixed annual percentage yield, or engage in generalized restaking pools. These pools are particularly crucial as they secure cross-chain transfers of USDe, Ethena’s stablecoin, ensuring enhanced transaction security and efficiency.
This development aligns with Ethena’s plans to integrate ENA into its forthcoming financial infrastructure, including the Ethena Chain. The staked ENA will be vital in securing the network, especially for cross-chain transfers verified through LayerZero’s DVN network. Additionally, the roadmap highlights Ethena’s focus on utilizing USDe as a gas token for various financial applications, with the potential for ENA holders to receive future airdrops from these initiatives.
Ethena Labs emphasizes its commitment to transparency, as evidenced by its Monthly Custodian Attestations for USDe. These reports, which detail the type and location of assets backing the stablecoin, are now provided by all integrated depositaries and are accessible on the Ethena governance forum. This move directly responds to growing demands for clarity and trust in asset-backed cryptocurrencies. Ethena aims to maintain and build trust within its community and stakeholders by providing regular, verified updates.
Also Read: Ex-SEC Official Denies Joining Memecoin Platform
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The price of Cardano has managed to stay resilient as market volatility has continued to grow, riding on new signals for ADA bulls to drive growth. Cardano has remained on the horizon over the past few weeks as it locked in to retail its ranking as the 10th largest cryptocurrency.
With technical indicators showing a potential rebound, such as the golden cross metric, the question remains whether the ADA price can break out of its current consolidation.
ADA and Mission With Market Bulls
Cardano’s price was $0.6282 at the time of writing, up marginally by 0.64% in 24 hours. ADA bounced back from a low of $0.6197 to a high of $0.6340 to extend its ongoing consolidation.
Despite this close trading range, the asset’s price will likely benefit from the positive shift in Open Interest. This metric, as measured by CoinGlass data, has jumped by over 4% in the past 1 hour, a visible change in direction.
With this short-term shift, the total funds committed to ADA in the market are now pegged at 1 billion, worth over $629 million. Open Interest is a key metric that depicts the total value of contracts opened in the derivatives market. The bigger this figure in dollar terms, the more likely a trend shift is.
This current adoption boost has placed the ADA price in the spotlight. With speculation growing on whether the ADA price could hit $3 or higher levels, commitment in the derivatives market can reshape sentiment.
Cardano Price and Golden Cross Setup
Over the past 7 days, the price of the top altcoin, now capped below the $0.6677 resistance level. However, this will change if the current Golden Cross formation plays out.
Per the ADA/USDT daily chart, two major indicators are flashing unique signals that must be watched closely. The Awesome Oscillator is still reading negative, a sign that, though bears remain in control, the excessive selloff might be thinning out.
The Golden Cross, on the other hand, is on the verge of a breakout. The short-term or 9-day Moving Average is about to exceed the long-term or 21-day moving average. If this trend materializes, the Cardano price breakout will be confirmed.
With this signal, an ADA price analysis that teased $4 may be possible despite recent whale selloffs.
Cardano In the News
Amid the sustained dynamic trends in the crypto market today, ADA has remained in the spotlight over the past week.
As reported by CoinGape, the long-anticipated Cardano-Bitcoin staking is likely to become a reality soon. This is a major complement to the growing list of ADA ETF products now filed with the Securities and Exchange Commission (SEC).
If approved alongside other altcoin ETFs, it might usher in another era of institutional adoption for Cardano, setting the coin up for price breakout.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto analyst Master Kenobi has provided a bullish outlook for the Dogecoin price, predicting that it could reach a new all-time high (ATH) in 55 days. He revealed what needs to happen for DOGE to achieve this milestone by June, based on his 55-day target.
How The Dogecoin Price Could Reach A New ATH By June
In an X post, Master Kenobi stated that the Dogecoin price will likely reach a new all-time high within approximately 50 to 55 days once it breaks above the trendline he highlighted on his accompanying chart.
The chart showed that the crucial price level DOGE needs to break above, based on this trendline, is $0.15488. The analyst then remarked that a conservative price target for the top meme coin would be $0.90 by June 5-10.
Master Kenobi had made this prediction while alluding to an earlier post in which he indicated that the Dogecoin bottom was almost near. In that post, he stated that the last time DOGE experienced a downturn, there was a 100-day period from the local bottom to the local top. He noted the meme coin is now halfway through a similar timeframe.
In line with this, the crypto analyst expects the Dogecoin price to reach a new all-time high (ATH) during this period, although he admitted that it is unclear whether it will break the psychological $1 level.
Crypto analyst Kevin Capital also suggested that a massive rebound was on the horizon for the DOGE price. In an X post, he stated that everything is going according to plan for Dogecoin. He urged market participants to stay patient, noting that every day that passes is another day closer.
DOGE Traders Remain Undecided At The Moment
In an X post, crypto analyst Trader Tardigrade indicated that DOGE traders are currently undecided on the meme coin’s next move. In an X post, he stated that the Dogecoin price structure has been converging into a triangle pattern, indicating market indecision.
He noted that during this period, buyers hesitate to buy high, while sellers are cautious about selling low, leading to conservative behavior on both sides. The analyst added that this pattern typically occurs between a downtrend and an uptrend.
This market indecision currently explains why DOGE investors continue to accumulate and dump their coins at will with no clear sign of active accumulation or a wave of sell-offs. As CoinGape reported, crypto whales recently dumped 570 million DOGE, as the Dogecoin price continues to trade sideways.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Pi coin price went up considerably after a recent announcement outlining the project’s tokenomics and migration plan.
The news revealed that 65 billion Pi tokens have been held in reserve for community mining rewards. This fact accounts for the long-term token distribution strategy of Pi Network, an organization that has labored diligently to develop its ecosystem for more than six years.
Pi Coin Price Pumps Following Token Distribution Details
According to the latest data, the Pi coin price jumped close to 5.5% in the last 24 hours. The coin jumped from an all-time 24-hour low of $0.6098, reaching as high as $0.6599.
Pi had also been in a seven-day trading range of $0.594 to $0.774, and the latest news favored bullish price momentum. Of the 100 billion maximum token supply, 65% (65 billion tokens) is allocated specifically for community mining rewards. CoinGape has also released an analysis of how high Pi Coin can go if major banks start using it.
A Mainnet migration roadmap based on the network’s priorities is now available. https://t.co/fFqpZcgA8M
The roadmap outlines how first migrations, second migrations with referral bonuses, and ongoing migrations on a regular basis will be prioritized in that order. The blog also…
— Pi Network (@PiCoreTeam) April 18, 2025
As per the announcement, the remaining supply is divided among foundation reserves (10 billion tokens or 10%), liquidity purposes (5 billion tokens or 5%), and the Core Team (20 billion tokens or 20%).
A distinctive feature of Pi’s tokenomics is that all allocations track the pace of community migrated mining rewards. This means that as verified community members migrate to the mainnet, tokens from other allocation categories become proportionally available.
The network explained that this structure “was intentionally designed to align the interests of all parties in the network to get as many Pioneers and as many Pi onto the Mainnet as possible.”
In practical terms, this means the effective total supply at any given time can be calculated by dividing the current migrated mining rewards on the blockchain by 65%.
Mainnet migration advances with phased approach
Pi Network has mentioned a structured roadmap for migrating its community of users to the mainnet blockchain. The network highlighted that it has already successfully migrated over 12 million people. They also described this as “an achievement of scalability in the industry.”
The migration process is proceeding in distinct phases based on network priorities. Currently, Pi Network is completing initial migrations for users in the queue. This include verified base mining rewards, Security Circle rewards, lockup rewards, utility apps usage rewards, and confirmed Node rewards.
Once this first migration phase is completed, the network will focus on second migrations that will also incorporate referral mining bonuses attributable to team members who have passed KYC verification.
In addition, the final stage will involve shifting to regular, periodic migrations that will include all bonuses and rewards. CoinGape has also delved into Pi Network price analysis on whether you should sell or hold your Pi Coins.
Vignesh Karunanidhi
Vignesh Karunanidhi is a seasoned crypto journalist with nearly 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, including WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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