Crypto Market News: $312M in Token Unlocks to Hit ENA, SOL, and DOGE This Week
**Crypto Market News: $312M in Token Unlocks to Hit ENA, SOL, and DOGE This Week**
This week, the crypto market is set to witness significant token unlocks totaling over $312 million. These scheduled releases could introduce short-term volatility for several altcoins as previously locked tokens enter circulation, potentially impacting prices and trader behavior.
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### Major One-Time Unlocks Above $5 Million
Several tokens will experience notable one-time unlocks this week, each exceeding $5 million in value. The list includes:
– **ENA (Ethena):** $63.05 million worth of tokens (2.52% of supply)
– **MEME:** $5.22 million (5.98%)
– **MOVE:** $3.37 million (1.82%)
– **BB:** $3.07 million (3.85%)
– **RED:** $1.78 million (2.40%)
– **SXT:** $1.28 million (percentage unspecified)
– **(Note: The original text mentioned “1.15 million (16.92%)” but did not specify the token—this appears to be an error.)**
The largest among these is Ethena (ENA), with over $63 million in tokens set to unlock. This substantial release, representing a significant portion of ENA’s supply, may draw considerable trader attention.
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### Large Linear Unlocks to Watch
Alongside the one-time events, a separate set of tokens will experience linear unlocks exceeding $1 million per day. These gradual releases spread new supply throughout the week and include major cryptocurrencies such as Solana (SOL) and Dogecoin (DOGE):
– **SOL (Solana):** $92.20 million (0.09% of supply)
– **TRUMP:** $36.68 million (2.45%)
– **WLD (Worldcoin):** $30.84 million (1.64%)
– **DOGE (Dogecoin):** $17.82 million (0.06%)
– **AVAX:** $12.96 million (0.16%)
– **ASTER:** $12.34 million (0.51%)
– **TAO:** $12.17 million (0.26%)
– **IP:** $9.84 million (0.72%)
– **ETHFI:** $8.34 million (1.51%)
Notably, Solana’s $92 million unlock is the largest by value this week. However, since it represents just 0.09% of its circulating supply, the price impact may be limited.
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### Market Outlook
Token unlocks often trigger short-term selling pressure, especially when the release size is large relative to the circulating supply. However, the actual market impact depends heavily on prevailing market sentiment and liquidity conditions.
With over $312 million worth of tokens entering the market within one week, investors should be prepared for increased volatility across affected assets. This is particularly relevant for tokens like ENA, MEME, and WLD, which have smaller liquidity pools and may experience sharper price movements.
That said, if institutional and retail demand remains steady, much of the new token supply could be absorbed without causing major disruption to prices.
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Stay tuned for updates and trade responsibly as these unlock events unfold.
https://bitcoinethereumnews.com/crypto/crypto-market-news-312m-in-token-unlocks-to-hit-ena-sol-and-doge-this-week-2/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-market-news-312m-in-token-unlocks-to-hit-ena-sol-and-doge-this-week-2
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