Token unlocks release tokens that were previously held captive by fundraising deals. Such events are strategically planned by projects to reduce market pressure and ensure price stability. Major token unlock events, such as Ethena (ENA) next week, are particularly noteworthy.
Athena (ENA)$ENA
Ethena is a synthetic currency protocol based on Ethereum. It provides a solution independent of traditional banking systems, providing global users with a dollar-based savings instrument called “Internet Bonds”. In addition, ENA tokens are used to participate in the governance of the Ethena protocol. On December 25, Ethena will unlock 12.86 million ENA tokens. The total value of these tokens is approximately $13.73 million, which is fully allocated for ecosystem development. This development can accelerate the project’s growth strategies and increase investor interest.
Cardano (ADA)$ADA
Cardano stands out in terms of sustainability, security, and scalability. It is an important platform for decentralized applications and smart contracts. These factors make ADA’s potential for future use attractive to investors. On December 26, Cardano will unlock 18.53 million ADA tokens. The total value of these tokens is $16.92 million and will be used to support staking activities and contribute to treasury fund reserves. In addition, this unlocking process can significantly accelerate the expansion of the Cardano ecosystem.
Immutable (IMX)$IMX
Immutable is a Layer-2 scaling solution for NFTs on Ethereum. The IMX token allows users to conduct NFT transactions at low cost and high speed. The Immutable ecosystem has seen remarkable development in parallel with the growth of the NFT market. On December 27, Immutable will unlock 24.52 million IMX tokens. These tokens will be used to support project development and growth in the Immutable ecosystem. This development may increase Immutable’s market influence.
Finally, in addition to these three major events, projects such as Yield Guild Games (YGG), Eigen Layer (EIGEN), and Artificial Superintelligence Alliance (FET) will also conduct token unlocks totaling over $120 million. These large-scale events can create new opportunities for investors and reshape market dynamics. In addition, these unlocks have the potential to increase market volume and liquidity.
