🚀2 Major Token Unlocks to Watch This Week
Token unlocks can significantly influence a project's market dynamics. Here are two key unlocks to monitor this week:
🆔 Space ID (ID)
🔓 Unlock Date: August 22
🔗 Tokens Unlocked:18.49 million ID
🌐 Current Circulating Supply: 430 million ID
About Space ID: A universal decentralized identity protocol connecting users, assets, and dApps across blockchains.
Unlock Details:18 million ID tokens will be released, allocated to the Space ID Foundation, ecosystem fund, and community.
⚖️ Ethena (ENA)
🔓 Unlock Date:August 25
🔗 Tokens Unlocked: 14.89 million ENA
🌐 Current Circulating Supply: 1.80 billion ENA
About Ethena: A synthetic currency protocol on Ethereum offering a dollar-denominated savings instrument known as the ‘Internet Bond.’
Unlock Details: Nearly 15 million ENA tokens dedicated to ecosystem development will be unlocked.
Other Upcoming Unlocks:
🌐 Galxe (GAL)
🏦 Acala (ACA)
📍 1Inch (1INCH)
💰 Total Value Unlocked:Exceeding $230 million
📈 Key Insights:
- While many view token unlocks as bearish, a well-structured schedule can bolster long-term project viability.
- Aligning unlocks with milestones and progress boosts team motivation, community engagement, and ecosystem growth.
