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Token unlocks release previously restricted tokens tied to fundraising agreements. Projects schedule these events strategically to limit market pressure and stabilize prices.
Here are five major Token unlocks scheduled to take place next week.
Ethereum (ENA)
- Unlock date: January 8
- Number of Tokens unlocked: 12.86 million ENA
- Current circulating supply: 3.03 billion ENA
Ethena, a synthetic currency protocol on Ethereum, provides a bank-agnostic solution and provides global users with a USD-pegged savings instrument called “Internet Bonds.”
The ENA Token, the protocol’s native token, allows Holders to participate in governance. On January 8, Ethena will unlock more than 12 million ENA Tokens, worth 16.21 million USD, for ecosystem development.
Movement (MOVE)
- Unlock date: January 9
- Number of Tokens unlocked: 50 million MOVE
- Current circulating supply: 2.25 billion MOVE
Movement is a blockchain platform that enhances the capabilities of Ethereum using the Move programming language, first created by Meta (formerly Facebook). This technology makes blockchain more secure, scalable, and compatible with other systems.
On January 9, Movement will issue 50 million MOVE Tokens. The project will use these Tokens to develop the ecosystem and support the community.
Optimism (OP)
- Unlock date: January 9
- Number of Tokens unlocked: 4.47 million OP
- Current circulating supply: 1.35 billion OP
Optimism, a layer-2 scaling solution, accelerates transactions and reduces costs on Ethereum. Its OP token is important for governance, allowing holders to vote on proposals and influence the future of the network.
On January 9, Optimism will release 4.47 million OP Tokens, allocated to the seed fund.
Aptos (APT)
- Unlock date: January 11
- Number of Tokens unlocked: 11.31 million APT
- Current circulating supply: 558.49 million APT
Aptos is a layer-1 blockchain designed to provide a secure and scalable platform for decentralized applications. It focuses on high performance and security to improve the blockchain experience. Despite its success, some critics have raised concerns about tokenomics due to its venture capital investment.
On January 11, Aptos will issue 11.31 million APT Tokens to community members, core contributors, and investors.
io.net (IO)
- Unlock date: January 11
- Number of Tokens unlocked: 3.22 million IO
- Current circulating supply: 128.83 million IO
Io.net is a decentralized GPU network designed to provide computing power for artificial intelligence and machine learning applications. It aggregates underutilized GPUs from different sources, providing a scalable and cost-effective solution for developers.
On January 11, io.net is expected to unlock approximately 3.22 million IO Tokens, representing approximately 2.50% of the circulating supply. These Tokens are allocated for community and ecosystem development.
Token cliff unlocks next week also include Eigen Layer (EIGEN), Moca Network (MOCA) and Render (RNDR), among many other projects, with a total value exceeding 280 million USD.
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