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$1.3 billion ENA token unlock schedule leads crypto unlocks this week

$1.3 billion ENA token unlock schedule leads crypto unlocks this week
The cryptocurrency market will experience a significant increase in supply over the next week as more than $1.3 billion worth of tokens are scheduled to be unlocked across 22 projects. Ethena (ENA) stands out as the dominant unlock event, with 2.07 billion tokens valued at $932.42 million being released, accounting for 66.19% of ENA's circulating supply. Other notable unlocks include MOVE, STIK, KAS, NEON, and IOTA. Additionally, linear vesting schedules will release tokens valued at approximately $321 million, with SOL being the largest in this category. The price performances of projects expecting unlocks vary, with some recording gains and others experiencing losses. Smaller projects can be more susceptible to price volatility due to limited market depth and trading volume.

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