Data from Token Unlocks revealed that four major token unlocks were scheduled for August between the 19th and the 25th. According to Token Unlocks, 54 million PIXEL and 9.54 million AVAX would be released on August 19, while 18.94 million ID and 14.89 million ENA would be released on August 22 and August 25, respectively.
The data showed that the unlocked tokens would be distributed differently among various stakeholders. Token Unlocks revealed that so far, Pixel (PIXEL), Space ID (ID), Avalanche (AVAX), and Ethena (ENA) would have unlocked 22%, 35.09%, 63.11%, and 9.15% of their total token supplies, respectively.
Scheduled token unlocks are worth over $213M
🔓 Weekly Cliff Unlocks : 19-25 August 24 🔓
🔥 $ 213.6m 🔥
🌟 Unlock Highlights 🌟$AVAX (2.41%) – $192.74m$PIXEL (7.05%) – $7.26m$ID (4.29%) – $6.60m$ENA (0.82%) – $4.46m$GAL (0.80%) – $2.24m..( % of cir. supply) pic.twitter.com/7YmSYWrbrU
— Token Unlocks (@Token_Unlocks) August 16, 2024
According to Token Unlocks, over $4.46 million in ENA, $6.6 million in ID, $7.26 million in PIXEL, and $192.74 million will be unblocked in the upcoming week. The data from Token Unlocks also showed that a total of 454.41M AVAX, 1.1B PIXEL, 701.78M ID, and 1.37B ENA would be unlocked by the end of August’s token unlocks.
Token Unlocks also revealed that Forta (FORT), Galaxy (GAL), 1Inch (1INCH), and Acala (ACA) were the other ecosystems set to release tokens in August 2024. Nevertheless, the layer one blockchain Avalanche (AVAX) would be the largest ecosystem to release coins in the global market in August 2024, as per the data. CoinMarketCap’s data disclosed that the AVAX token price had dipped 3.41% over the past 24 hours and was currently trading at $20.59 with a market cap of $8.12 billion.
CoinMarketCap’s data showed that PIXEL dropped 5.24% in 24 hours to trade at $0.1425, with a market cap of $109.9 million, while ID fell 1.81% to $0.3592, with a market cap of $237.8 million over the same period. ENA dropped 3.98% in 24 hours to $0.2809, with a market cap of $507.2 million, according to the data.
Token Unlocks and CryptoRank revealed that while all tokens would be distributed differently to various ecosystem stakeholders, at least a portion of each coin would go to airdrops.
CryptoRank unveils strategic future token unlocks and allocations
According to Avalanche Insider, additional tokens would not be allocated to strategic partners and the team.
The Avalanche insider affirmed that the remaining vesting emissions would be directed toward the Avalanche Foundation to support development and growth initiatives. Data from CryptoRank confirms these claims, showing that future AVAX unlocks scheduled for November 18, 2024, to July 20, 2030, would be allocated to the Foundation.
CryptoRank’s data also disclosed that all future ENA unlocks between April 2, 2025, and April 2, 2028, would be allocated to core contributors and investors. As per the data, PIXEL unlocks between September 19, 2024, and February 19, 2028, would be allocated to ecosystem rewards, treasury, private sale, team, and advisors, while all subsequent unlocks until February 19, 2029, would be allocated to ecosystem rewards.
CryptoRanks data showed that most of the ID allocations between September 22, 2024, and March 22, 2027, would go to the seed round, core team, marketing, Foundation, community airdrop, ecosystem, strategic round, and advisors. All subsequent ID unlocks from June 22, 2027, to March 22, 2029, would be allocated to the seed round and the core team.
