Ethena sENA stakers can claim Echelon airdrop now
Ethena $ENA holders have once again deeply burdened the ecological project, and its 'ecological project airdrop' flywheel has been completely wasted.
Echelon Points Holders and veTHL Holders can fully unlock and claim the airdrop at 2/3 TGE, while second-class citizens: Ethena sENA stakers need to wait for a one-year unlocking period and can only claim 10% of the airdrop share today.
It is comforting to note that even Echelon Points Holders may face significant value depreciation.
The airdrop share for Echelon Points Holders is based on a 30m FDV, with an investment of $APT , subscribing to ELON.
The current price of ELON is about 0.15U, with FDV around 15m. In other words, Echelon Points Holders, if they still hold the tokens, have already recognized a -50% value loss.
What's even funnier is that Echelon seems to have very few trading venues.
On-chain, only ThalaSwap can trade ELON, and it is recommended to transfer the airdrop to CEXs to sell, as liquidity is better; currently, there are four CEXs available for deposits.
Binance Alpha also seems to be able to trade ELON, but it is on the BNB Chain, while the airdrop is claimed on Aptos. I don't understand the significance of it being on Binance Alpha? It appears that both trading volume and liquidity are extremely low.
-
※ The above content does not constitute investment advice (NFA). Users should operate according to their own risk tolerance, DYOR and participate cautiously in the investment market.
※ Attached image taken from Echelon
#Aptos #APT #BinanceAlpha #ELON
