The unlocking of Taiko ($TAIKO) on December 5, 2024, is expected to involve $17.47 million, which is equivalent to 11.38% of its circulating supply. A total of 9.29 million tokens will be directed towards community initiatives. Despite a recent price drop of 5.91% to $1.87, the unlocking may stimulate renewed interest in the project's development plans.
Ethena ($ENA ) will follow on December 4, 2024, unlocking $9.17 million or 0.45% of its circulating supply with 12.86 million tokens. The price distributed among the community for Ethena remains relatively stable at $0.71, reflecting a slight decrease of 0.63%.
Other notable unlockings this week include $GALA ($2.2 million), EIGEN ($4.63 million), $LQTY ($749.38 thousand), and Hashflow ($3.11 million), each having different impacts based on distribution and market activity. Together, these events create a week of increased activity and potential opportunities, highlighting the importance of making strategic decisions for market participants.