https://www.binancewv.me/en/support/announcement/binance-will-support-the-wise-monkey-monky-airdrop-for-floki-and-ape-holders-73c353a46eba4970a84f286761a9a1ba?utm_source=new_share&ref=CPA_00WPZI7BW7

Token unlocks release tokens previously restricted under fundraising agreements, with projects timing these events to minimize market pressure and stabilize prices.

Here are four major token unlocks to watch next week.

Cardano (ADA)

Unlock date: December 16

Number of tokens unlocked: 18.53 million ADA

Current circulating supply: 35.82 billion ADA

Cardano, recognized for its focus on sustainability, security, and scalability, is pivotal in driving decentralized applications and smart contracts. On December 16, the project will unlock over 18 million ADA tokens, allocated for staking and the treasury fund reserve.

ADA Unlock. Source: Tokenomist Arbitrum (ARB)

Unlock date: December 16

Number of tokens unlocked: 92.65 million ARB

Current circulating supply: 4.09 billion ARB

Arbitrum, developed by Offchain Labs, is a leading Layer-2 solution for Ethereum. Launched in August 2021, it has backing from Lightspeed Venture Partners, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Mark Cuban, and Coinbase.

Next week, Arbitrum will unlock 92.65 million ARB tokens, valued at around $91 million, with allocations to the team, advisors, and investors.

ARB Unlock. Source: Tokenomist Apecoin (APE)

Unlock date: December 17

Number of tokens unlocked: 15.60 million APE

Current circulating supply: 721.44 million APE

ApeCoin, the native token of Yuga Labs’ Ape ecosystem, will unlock over 15 million tokens on December 17. These tokens will be distributed among the treasury, founders, team, and contributors.

Historically, APE’s price has dropped after large unlocks. However, with renewed interest in NFTs, the impact may be less severe this time. Investors and traders should closely monitor this event, as it could significantly affect the token’s price dynamics.

APE Unlock. Source: Tokenomist Ethena (ENA)

Unlock date: December 18

Number of tokens unlocked: 12.86 million ENA

Current circulating supply: 2.93 billion ENA

Ethena, a synthetic currency protocol on Ethereum, offers a native cryptocurrency solution independent of traditional banking. It also provides global users with a dollar-denominated savings instrument known as the “Internet Bond.”

The ENA token allows holders to participate in governance decisions. On December 18, the project will unlock over 12 million ENA tokens allocated for ecosystem development.

ENA Unlock. Source: Tokenomist Space ID (ID)

Unlock date: December 22

Number of tokens unlocked: 78.49 million ID

Current circulating supply: 430.50 million ID

Space ID is a universal decentralized identity protocol that links people, assets, and dApps across multiple blockchains. It enables users to use a single domain name to represent their identity across various applications and networks.

On December 22, the project will unlock over 78 million ID tokens, distributing them among the Space ID Foundation, ecosystem fund, team, community, and participants in several sale rounds.

ID Unlock. Source: Tokenomist

Next week’s cliff token unlocks will also include Echelon Prime (PRIME) and Eigen Layer (EIGEN), among others, with a total combined value exceeding $270 million.