TL;DR
This week is set for $453 million in token unlocks across multiple cryptocurrencies, with Ethena (ENA) and Immutable (IMX) leading the largest events.
ENA will account for the largest portion of cliff unlocks, releasing 212.5 million tokens worth $135.51 million, representing 3.35% of the cryptocurrency’s total unlockable supply. These events release large volumes at once, which can increase volatility and impact the price immediately.
Immutable follows ENA with a release of 24.52 million tokens valued at $12.32 million, while ELX will unlock 55 million coins worth $6.83 million, representing 30.54% of its unlockable supply. This high percentage suggests the token could face significant selling pressure in the coming days. Cliff unlocks concentrate supply at a single moment, causing markets to often experience rapid and abrupt price movements.
Meanwhile, Solana leads linear unlocks, releasing 506,470 coins daily, equivalent to $99.96 million. Representing just 0.09% of its circulating supply, these releases have a smaller effect on the market. Other projects with significant linear unlocks include TRUMP with 4.89 million coins ($41.18 million) and Worldcoin (WLD) with 37.23 million tokens ($32.36 million). Cryptocurrencies such as TAO, DOGE, TIA, AVAX, SUI, MORPHO, ETHFI, DOT, IP, and JTO also contribute to the linear releases.
Some smaller projects will see more modest movements. Adventure Gold (AGLD) will release 1.55 million tokens worth $1.06 million, while Echo Protocol (ECHO) will unlock 16.23 million coins, equivalent to $485,918, from a circulating supply of 208.15 million coins. ReadFi (SRDF) and Orbler (ORBR) also have upcoming unlocks, while Quack AI (Q) could release 1.62 billion coins, representing a massive increase in supply in a single event
