Token unlocks release previously restricted assets tied to fundraising agreements. Projects schedule these events strategically to limit market pressure and stabilize prices.
Here are five major token unlocks scheduled for this week.
Ethena (ENA)
Unlock Date: January 8th
Number of tokens unlocked: 12.86 million ENA
Current circulating supply: 3.03 billion ENA
Ethena, a synthetic currency protocol on Ethereum, offers a bank-agnostic solution and provides global users with a dollar-pegged savings tool called the “Internet Bond.”
ENA, the protocol’s native token, allows holders to participate in governance. On January 8, Ethena will unlock over 12 million ENA, valued at $16.21 million, for ecosystem development.
ENA Unlock. Source: Tokenomist
Movement (MOVE)
Unlock Date: January 9th
Number of tokens unlocked: 50 million MOVE
Current circulating supply: 2.25 billion MOVE
Movement is a blockchain platform that enhances the capabilities of Ethereum using the Move programming language, originally created by Meta (formerly Facebook). This technology helps make blockchain more secure, scalable, and compatible with other systems.
On January 9th, Movement will release 50 million MOVE tokens. The project will use these tokens to expand the ecosystem and support the community.
MOVE Unlock. Source: Tokenomist
Optimism (OP)
Unlock Date: January 9th
Number of tokens unlocked: 4.47 million OP
Current circulating supply: 1.35 billion OP
Optimism, a layer-2 scaling solution, accelerates transactions and reduces costs on Ethereum. Its OP token is essential for governance, allowing holders to vote on proposals and influence the future of the network.
On January 9th, Optimism will release 4.47 million OP tokens, earmarked for the initial fund.
OP Unlock. Source: Tokenomist
Apartments (APT)
Unlock Date: January 11th
Number of tokens unlocked: 11.31 million APT
Current circulating supply: 558.49 million APT
Aptos is a Layer-1 blockchain designed to provide a secure and scalable platform for decentralized applications. It focuses on high performance and security to improve the blockchain experience. In fact, some critics have raised concerns about its venture-backed tokenomics.
On January 11, Aptos will release 11.31 million APT tokens to community members, top contributors, and investors.
APT Unlocking. Source: Tokenomist
io.net (IO)
Unlock Date: January 11th
Number of tokens unlocked: 3.22 million IO
Current circulating supply: 128.83 million IO
Io.net is a decentralized network of GPUs designed to provide computing power for AI and machine learning applications. It aggregates underutilized GPUs from multiple sources, offering scalable and cost-effective solutions for developers.
On January 11, io.net is scheduled to unlock approximately 3.22 million IO tokens, representing approximately 2.50% of the circulating supply. These tokens are allocated for community and ecosystem development.
IO Unlocking. Source: Tokenomist
Next week’s cliff token unlocks will also include Eigen Layer (EIGEN), Moca Network (MOCA), and Render (RNDR), among others, with a combined total value of over $280 million.
The article 5 Token Unlocks to Watch This Week appeared first on BeInCrypto Brasil.
