The post Key Token Unlocks Next Week: Potential Impact on Ethena (ENA), Cardano (ADA), and Immutable (IMX) Prices appeared on BitcoinEthereumNews.com.

Cryptocurrency markets brace for significant token unlocks next week, featuring major projects like Ethena, Immutable, and Cardano. The collective value of tokens set to be released exceeds $120 million, potentially impacting market dynamics significantly. “The unlocked tokens aim to fuel ecosystem growth and development while providing liquidity to the market,” a COINOTAG source stated. Discover key insights into upcoming token unlocks for major cryptocurrencies exceeding $120 million that could affect market prices and trends. Ethena (ENA) Unlock date: December 25 Number of tokens unlocked: 12.86 million ENA Current circulating supply: 2.93 billion ENA Ethena, a synthetic currency protocol utilizing the Ethereum network, provides a decentralized solution to financial transactions. One notable product is the “Internet Bond,” designed to offer users a dollar-pegged savings tool. The upcoming token unlock scheduled for December 25 will release over 12 million ENA tokens, valued at approximately $13.73 million. These funds are earmarked for initiatives aimed at enhancing the protocol’s ecosystem. ENA Unlock. Source: Tokenomist Cardano (ADA) Unlock date: December 26 Number of tokens unlocked: 18.53 million ADA Current circulating supply: 35.83 billion ADA Cardano, recognized for its focus on sustainability and security, is pivotal in the realm of decentralized applications and smart contract integration. The project is set to announce the unlocking of 18.53 million ADA tokens on December 26, valued around $16.92 million. These newly unlocked tokens are aimed at enhancing the platform’s treasury fund and promoting staking initiatives. ADA Unlock. Source: Tokenomist Immutable (IMX) Unlock date: December 27 Number of tokens unlocked: 24.52 million IMX Current circulating supply: 1.69 billion IMX As a robust Layer-2 solution for scaling NFTs on Ethereum, Immutable has made considerable strides in the blockchain space, having raised significant funding since its inception. On December 27, 24.52 million IMX tokens will be unlocked, with a total estimated value…

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Filed under: News - @ December 22, 2024 3:11 pm