Token Unlocks to Watch Next Week: IMX, ALT and More
Token unlocking releases restricted tokens previously associated with the fundraising protocol. The project arranges these activities strategically to limit market pressure and stabilize prices.
Here are four large tokens scheduled to be unlocked next week.
APEX
- Unlock date: January 20
- Number of unlocked tokens: 10 million APEX
- Current circulation: 53.45 million APEX
The ApeX protocol is a decentralized, non-custodialand a permissionless derivatives trading platform. It was developed under the guidance of blockchain-focused incubator Davion Labs and is backed by high-profile investors such as Dragonfly, Tiger Global and Jump Trading.
On January 20, ApeX plans to unlock 10 million APEX tokens, accounting for 18.71% of the current circulation.
Athena(ENA)
- Unlock date: January 22
- Number of unlocked tokens: 12.86 million ENA
- Current circulation: 3.03 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.”
Ethena’s native token, ENA, allows holders to participate in the protocol’s governance decisions. On January 22, Ethena will unlock more than 12 million ENA tokens, worth $11 million, and the funds will be used for ecosystem development.
Immutable (IMX)
- Unlock date: January 24
- Number of unlocked tokens: 24.52 million Small and medium enterprises
- Current circulation: 1.71 billion IMX
Immutable, a Layer 2 solution for zoom NFT In September 2021, an IMX token sale on Ethereum raised $12.5 million in just one hour. By March 2022, the company had secured $60 million in an investment round, followed by $200 million from investors including ParaFi Capital, Declaration Partners, and Tencent Holdings.
On January 24, Immutable will issue 24.52 million IMX tokens. These tokens are designed to support project development and drive growth of the broader Immutable ecosystem.
Alternative Layer (ALT)
- Unlock date: January 25
- Number of unlocked tokens: 204.1 million ALT
- Current circulation: 2.31 billion ALT
AltLayer is a decentralized protocol designed to facilitate scalable deployment Layer 2 solutionsuch as optimistic and zero-knowledge (ZK) aggregation.
On January 25, AltLayer will unlock more than 240 million ALT tokens. Allocations will be distributed across multiple categories, including Team, Investors, Advisors, Community, Financial, and Ecosystem Development Initiatives.
Next week’s cliff token unlocks will also include Eigen Layer (EIGEN), Moca Network (MOCA), and the Artificial Super Intelligence Alliance (FET), with a total value of more than $220 million.
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