5 Token Unlocks to Watch Next Week

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Unlocking tokens frees up previously withheld tokens that were tied to funding commitments. Projects plan these releases tactically to minimize market turbulence and maintain stable prices.

Here are five large token unlocks scheduled for next week.

Ethena (ENA)

  • Unlock date: January 8
  • Number of tokens unlocked: 12.86 million ENA
  • Current circulating supply: 3.03 billion ENA

In simpler terms, the digital monetary system known as Ethena, operating on Ethereum, provides an alternative to traditional banking services. It introduces a product called the “Internet Bond,” which functions like a savings account with a value pegged to the US dollar, accessible for users worldwide.

Through its native token, ENA, users are given the opportunity to take part in the decision-making process within the protocol. On January 8th, over 12 million ENA tokens, valued at approximately $16.21 million, that were set aside for the growth and enhancement of the ecosystem will be released.

Movement (MOVE)

  • Unlock date: January 9
  • Number of tokens unlocked: 50 million MOVE
  • Current circulating supply: 2.25 billion MOVE

Move platform, built on blockchain, boosts Ethereum’s functionalities through the utilization of the Move programming language – initially developed by Meta (previously known as Facebook). This tech aids in enhancing the blockchain’s security, scalability, and adaptability to various other systems.

On January 9th, the Movement project will distribute 50 million MOVE tokens. These tokens will be utilized to expand the ecosystem and foster the community’s growth.

Optimism (OP)

  • Unlock date: January 9
  • Number of tokens unlocked: 4.47 million OP
  • Current circulating supply: 1.35 billion OP

In simpler terms, Optimism – a method to boost speed and cut costs within the Ethereum network – expedites transactions. The OP token it uses is vital for decision-making processes, enabling token holders to cast votes on proposals and shape the network’s direction in the future.

On January 9, Optimism will release 4.47 million OP tokens, allocated for the seed fund.

Aptos (APT)

  • Unlock date: January 11
  • Number of tokens unlocked: 11.31 million APT
  • Current circulating supply: 558.49 million APT

Aptos serves as a Layer-1 blockchain, crafted to deliver a robust and flexible infrastructure suitable for various decentralized applications. Its primary emphasis lies in ensuring exceptional performance and unwavering security to elevate the overall blockchain experience. However, despite its achievements, it has faced some skepticism regarding its token distribution model, which appears to be heavily influenced by venture capital investments.

Starting on the 11th of January, Aptos plans to distribute a total of 11,310,000 APT tokens among community members, key contributors, and investors.

io.net (IO)

  • Unlock date: January 11
  • Number of tokens unlocked: 3.22 million IO
  • Current circulating supply: 128.83 million IO

Io.net is a network that distributes computing power for artificial intelligence (AI) and machine learning tasks by harnessing underused graphics processing units (GPUs) from different sources. This setup gives developers flexible and affordable options for scaling their projects.

On January 11th, it’s planned that around 3.22 million IO tokens will be made available from io.net. This represents approximately 2.50% of the current token circulation. These particular tokens have been earmarked for fostering the community and ecosystem growth.

Next week’s unveiling of the cliff token will feature assets such as Eigen Layer (EIGEN), Moca Network (MOCA), and Render (RNDR), along with several others. The total worth of these assets is expected to surpass $280 million.

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2025-01-05 18:24