Token Unlocks to Watch Next Week: ADA, ARB and More
Token unlocks issuance tokens that were previously restricted by the financing agreement, and the project times these events to minimize market pressure and stabilize prices.
Here are the four main token unlocks to watch next week.
Cardano (ADA)
- Unlock date: December 16
- Number of unlocked tokens: 18.53 million ADA
- Current circulation: 35.82 billion ADA
Cardano is known for its focus on sustainability, Safetyand scalability are critical to powering decentralized applications and smart contracts. On December 16, the project unlocked over 18 million ADA tokenallocated for pledge and treasury fund reserves.
Arbitrage (ARB)
- Unlock date: December 16
- Number of unlocked tokens: 92.65 million ARB
- Current circulation: 4.09 billion ARB
Decidedeveloped by Offchain Labs, is the leading Layer 2 solution for Ethereum. It launched in August 2021 and is backed by Lightspeed Venture Partners, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Mark Cuban, and Coinbase.
Next week, Arbitrum will unlock 92.65 million ARB tokens, worth approximately $91 million, to be distributed to the team, advisors, and investors.
APE(APE)
- Unlock date: December 17
- Number of unlocked tokens: 15.6 million ape
- Current circulation: 721.44 million APE
ApeCoin is the native token of the Yuga Labs Ape ecosystem and will unlock more than 15 million tokens on December 17th. These tokens will be distributed to finance staff, founders, teams, and contributors.
Historically, the price of APE drops after a large number of unlocks. However, with renewed interest NFTthe impact this time may not be so serious. Investors and traders should keep a close eye on this event as it could severely impact the coin’s price dynamics.
Athena(ENA)
- Unlock date: December 18
- Number of unlocked tokens: 12.86 million ENA
- Current circulation: 2.93 billion ENA
athenais a synthetic currency protocol on Ethereum that provides a native cryptocurrency solution independent of traditional banking. It also offers users around the world a U.S. dollar-denominated savings instrument called an “Internet Bond.”
ENA tokens allow holders to participate in governance decisions. On December 18, the project will unlock over 12 million ENA tokens allocated for ecosystem development.
Space ID (ID)
- Unlock date: December 22
- Number of unlocked tokens: 78.49 million IDs
- Current circulation: 430.5 million IDs
Space ID is a universal decentralized identity protocol that links people, assets and dApps across multiple blockchains. It enables users to use a single domain name to represent their identity across various applications and networks.
On December 22, the project will unlock more than 78 million ID tokens and distribute them to the Space ID Foundation, ecosystem funds, teams, communities and participants through multiple rounds of sales.
next week Cliff Token Unlocked It will also include Echelon Prime (PRIME) and Eigen Layer (EIGEN), with a total value of more than $270 million.
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