Cryptocurrency markets are gearing up for major token unlocks from major projects like Ethena, Immutable, and Cardano. With these unlocks, a total value of over $120 million will be released, which could lead to major changes in market dynamics.

“The tokens to be unlocked will be used to support the growth of the ecosystem and provide liquidity to the markets,” he explained. These large token unlocks can affect market prices and trends.

Athena (THE)$ENA

Unlock date: December 25

  • Number of tokens to be opened: 12.86 million ENA

  • Current circulation: 2.93 billion ENA

Ethena is a synthetic currency protocol that runs on the Ethereum network and provides decentralized solutions for financial transactions. The product, called "Internet Bond", aims to provide a dollar-based savings tool. With the unlock on December 25, 12 million ENA tokens will be released, worth approximately $13.73 million. These funds will be used for the development of the protocol's ecosystem.

Cardano (ADA)$ADA

  • Unlock date: December 26

  • Number of tokens to be opened: 18.53 million ADA

  • Current circulation: 35.83 billion ADA

Cardano plays a major role in decentralized applications and smart contracts, focusing on sustainability and security. On December 26, 18.53 million ADA tokens will be released, worth approximately $16.92 million. These newly released tokens aim to strengthen Cardano’s treasury fund and support staking initiatives.

Immutable (IMX)$IMX

Unlock date: December 27

  • Number of tokens to be opened: 24.52 million IMX

  • Current circulation: 1.69 billion IMX

Immutable is known as a powerful Layer-2 solution that scales NFTs on Ethereum and has raised significant funding since its inception. On December 27, 24.52 million IMX tokens will be released, with a total value of $21.67 million. This launch will support the development of the Immutable ecosystem, allowing it to gain a stronger position in the cryptocurrency market.

Next week, major token unlocks will take place, including projects such as Yield Guild Games (YGG), Eigen Layer (EIGEN), and Artificial Superintelligence Alliance (FET), with a total value of these projects expected to exceed $120 million.