# StablecoinX’s About 3.03 Billion ENA Lockups End Oct. 5, 2026

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/26315
Published: 2026-10-02T08:06:46.000Z
Updated: 2026-10-02T08:06:46.000Z
Section: Business

> The tokens will remain a treasury asset. Qualifying sales for operating or strategic needs follow a notice and review procedure under the waiver.

StablecoinX is scheduled to have restrictions lifted on about 3.03 billion Ethena (ENA) tokens on Oct. 5, 2026, while keeping them as a treasury asset under terms that govern any disposal.

The holdings equal about 20% of ENA’s total supply. StablecoinX previously disclosed the amount.

StablecoinX and its subsidiaries signed a waiver with Ethena OpCo and Ethena Foundation. It permanently removes applicable lockup, vesting and release restrictions on tokens held or owed by StablecoinX, including a 48-month contractual lockup tied to a private investment in public equity purchase.

The scheduled date matches the previously announced unlock date for other ENA holders. The change does not give StablecoinX unrestricted control: sales, transfers or other disposals outside the waiver’s qualifying sale procedure still require advance written consent from Ethena Foundation.

For sales intended to meet operating or strategic needs, the waiver provides a notice and review procedure. StablecoinX must give the foundation at least five business days’ written notice, and the foundation may purchase all or part of the tokens at the proposed price. A qualifying sale may proceed under those terms.