The article discusses four large token unlocks scheduled for the upcoming week. Token unlocks are events in which previously restricted tokens tied to fundraising agreements are released, aiming to limit market pressure and stabilize prices.
The first project mentioned is ApeX Protocol, a decentralized platform for derivatives trading. On January 20, it will unlock 10 million APEX tokens, representing 18.71% of its circulating supply.
Ethena, a synthetic currency protocol, will unlock over 12 million ENA tokens on January 22. These tokens, valued at $11 million, will be used for ecosystem development.
Immutable, a Layer-2 solution for scaling NFTs, will release 24.52 million IMX tokens on January 24, allocated for project development and ecosystem growth.
AltLayer, a decentralized protocol for Layer-2 solutions, will unlock over 240 million ALT tokens on January 25. These tokens will be distributed across various categories.
Additionally, there will be other token unlocks next week, including Eigen Layer (EIGEN), Moca Network (MOCA), and Artificial Superintelligence Alliance (FET), with a total combined value exceeding $220 million.
Content Editor ( beincrypto.com )
- 2025-01-19
4 Token Unlocks to Watch Next Week
