MANTA, PIXEL, and ENA tokens are about to be unlocked. What is the market impact?
Historical data shows that large-scale unlocking events (i.e. increasing the circulating supply by more than 1%) have a clear negative correlation. As the unlocking scale increases, the price drops, and you need to pay attention to the risk of going long.
Manta Network (MANTA) will unlock about 6.67 million tokens at 5:30 pm Beijing time on July 18, which is 1.97% of the current circulation;
Pixels (PIXEL) will unlock about 54.38 million tokens at 6 pm Beijing time on July 19, which is 7.05% of the current circulation;
Ethena (ENA) will unlock about 14.89 million tokens at 3 pm Beijing time on July 21, which is 0.87% of the current circulation.
