Token unlocks release tokens that were previously limited under fundraising agreements. As we reported at Kriptokoin.com , these events are strategically planned by projects to reduce market pressure and ensure price stability. Major token unlock events, especially with Ethena (ENA) taking place next week, are drawing particular attention.
Ethena (ENA)
Ethena is a synthetic currency protocol based on Ethereum . This protocol offers a solution independent of traditional banking systems and provides its global users with a dollar-based savings instrument called “Internet Bonds”. In addition, Ethena uses the ENA token to enable users to participate in the governance of the protocol.
Specifically, on December 25, Ethena will unlock 12.86 million ENA tokens. These tokens are worth approximately $13.73 million and are entirely dedicated to ecosystem development . This development can accelerate the project’s growth strategies and increase investor interest.
Cardano (ADA)
Cardano stands out with its emphasis on sustainability, security, and scalability. It also stands out as an important platform for decentralized applications and smart contracts. In addition to these features, ADA’s potential for future use is becoming attractive to investors.
Specifically, 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. Moreover, this token unlock will provide significant momentum to the expansion of the Cardano ecosystem.
Immutable (IMX)
Immutable is a Layer-2 scaling solution for NFTs on Ethereum. The IMX token allows users to transact NFTs at low cost and high speed. In addition, the Immutable ecosystem has seen remarkable development in line with the growing NFT market in recent years.
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 is also likely to further increase Immutable’s market influence.
Apart from Ethena, ADA and IMX, These Altcoins Are Also Unlocked
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. Especially such large-scale events create new opportunities for investors and reshape market dynamics. Moreover, these unlocks have the potential to increase market volume and liquidity.
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