Tag: crypto market news

Crypto Market News: $312M in Token Unlocks to Hit ENA, SOL, and DOGE This Week

The post Crypto Market News: $312M in Token Unlocks to Hit ENA, SOL, and DOGE This Week appeared com. The post Crypto Market News: $312M in Token Unlocks to Hit ENA, SOL, and DOGE This Week appeared first These scheduled releases could introduce short-term volatility for several altcoins as previously locked tokens enter circulation. Major One-Time Unlocks Above $5 Million Several tokens will experience significant one-time unlocks this week, each surpassing $5 million in value. These include: 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 (1. 15 million (16. 92%) The largest among these is Ethena (ENA), with over $63 million in tokens set to unlock, potentially drawing trader attention due to its relatively small circulating supply ratio. Large Linear Unlocks to Watch A separate set of tokens will see linear unlocks exceeding $1 million per day, spreading new supply gradually over the week. These include major names such as Solana (SOL) and Dogecoin (DOGE): SOL: $92. 20 million (0. 09% of supply) TRUMP: $36. 68 million (2. 45%) WLD (Worldcoin): $30. 84 million (1. 64%) DOGE: $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%) Solana’s $92 million unlock is the largest by value this week, though it represents just 0. 09% of its circulating supply, suggesting limited price impact. Market Outlook Token unlocks often trigger short-term selling pressure, especially when the release size is large relative to circulating supply. However, the overall impact depends on market sentiment and liquidity. With over $312 million worth of tokens entering the market in one week, the market may.