Token unlocks are like a magician pulling rabbits out of hats, except the rabbits are money and the hats are… well, still hats! š©š° These unlocks release previously restricted tokens tied to fundraising agreements, and let me tell you, they schedule these events like a bad dateāstrategically to limit market pressure and stabilize prices. Who knew finance could be so romantic?
So, without further ado, here are five large token unlocks scheduled for next week. Grab your popcorn! šæ
Ethena (ENA)
- Unlock date: January 29
- Number of tokens unlocked: 12.86 million ENA
- Current circulating supply: 3.03 billion ENA
Ethena, a synthetic currency protocol on Ethereum, is like that friend who claims they donāt need traditional bankingāsure, buddy, keep telling yourself that! It also offers a dollar-denominated savings tool called the āInternet Bond.ā Sounds fancy, right? š»šµ
On January 29, Ethena will unlock over 12 million ENA tokens, valued at $11 million. Thatās a lot of cash for ecosystem development! I hope they spend it wiselyālike on a new office coffee machine! ā
Optimism (OP)
- Unlock date: January 31
- Number of tokens unlocked: 31.34 million OP
- Current circulating supply: 1.35 billion OP
Optimism is like the speedy delivery guy of Ethereumāalways rushing to get things done! Its OP token is essential for governance, letting holders vote on proposals. Itās like a political campaign, but with fewer debates and more tokens! š³ļø
On January 31, Optimism will unlock 31.34 million OP tokens. According to Tokenomist (formerly TokenUnlocks), these tokens will be distributed to core contributors and investors. I hope they remember to send thank-you notes! āļø
Sui (SUI)
- Unlock date: February 1
- Number of tokens unlocked: 64.19 million SUI
- Current circulating supply: 3 billion SUI
Sui is a high-performance Layer-1 blockchain built to optimize network operations. Itās like the overachiever in class who always gets straight Aās! šāØ
On February 1, a major token unlock will release tokens allocated to Series A and B participants, the community reserve, and the Mysten Labs treasury. I hope they have a party to celebrateāeveryone loves a good party! š
ZetaChain (ZETA)
- Unlock date: February 1
- Number of tokens unlocked: 44.26 million ZETA
- Current circulating supply: 634.37 million ZETA
ZetaChain is a decentralized blockchain platform that facilitates seamless interoperability. Itās like a translator at a global conferenceāmaking sure everyone understands each other! šš¤
On February 1, ZetaChain will unlock nearly 45 million ZETA tokens. These tokens will fund initiatives like a user growth pool and liquidity incentives. I hope they remember to include snacks! š©
dYdX (DYDX)
- Unlock date: February 1
- Number of tokens unlocked: 8.33 million DYDX
- Current circulating supply: 722 million DYDX
dYdX, the largest decentralized perpetual futures trading protocol, is like the cool kid in
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2025-01-26 12:45