Token Unlocks to Watch Next Week: ENA, IMX and More
Token unlocking releases tokens that were previously restricted by the fundraising protocol. The project arranges these activities strategically to reduce market pressure and stabilize prices.
Stay tuned as the unlocks of these three major tokens take place next week.
Athena(ENA)
- Unlock date: December 25
- Number of unlocked tokens: 12.86 million ENA
- Current circulation: 2.93 billion ENA
athenaa synthetic currency protocol on Ethereum that provides independence from traditional banking. It also offers users around the world a U.S. dollar-denominated savings instrument called an “Internet Bond.”
The protocol’s native token, ENA, enables holders to participate in governance decisions. On December 25, Ethena will unlock more than 12 million ENA, worth $13.73 million, allocated for ecosystem development.
Cardano (ADA)
- Unlock date: December 26
- Number of unlocked tokens: 18.53 million ADA
- Current circulation: 35.83 billion ADA
Cardano is known for its emphasis on sustainability, Safetyand scalability, playing a key role in advancing decentralized applications and smart contracts. On December 26, the project unlocked over 18 million ADA tokenvalued at $16.92 million, allocated for pledge and treasury fund reserves.
Immutable (IMX)
- Unlock date: December 27
- Number of unlocked tokens: 24.52 million Small and medium enterprises
- Current circulation: 1.69 billion Small and medium enterprises
Immutable, a Layer 2 solution for zoom NFT In September 2021, during the IMX token sale on CoinList, the company raised $12.5 million in just one hour. By March 2022, it had raised $60 million. investment roundsThis was followed by $200 million in funding from investors including ParaFi Capital, Declaration Partners and Tencent Holdings.
On December 27, Immutable will issue 24.52 million IMX tokens. These tokens are designed to support project development and drive growth of the broader Immutable ecosystem.
next week Cliff Token Unlocked It will also include Yield Guild Games (YGG), Eigen Layer (EIGEN) and the Artificial Super Intelligence Alliance (FET), with a total value of more than $120 million.
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