Token Unlocks to Watch Next Week: OP, APT and More
The post Token Unlocks to Watch Next Week: OP, APT and More appeared on BitcoinEthereumNews.com.
Token unlocks release previously restricted tokens tied to fundraising agreements. Projects schedule these events strategically to limit market pressure and stabilize 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 Ethena, a synthetic currency protocol on Ethereum, delivers a banking-independent solution and offers global users a dollar-pegged savings tool called the “Internet Bond.” ENA, the protocol’s native token, enables holders to participate in governance. On January 8, Ethena will unlock more than 12 million ENA tokens, worth $16.21 million, earmarked for ecosystem development. ENA Unlock. Source: Tokenomist Movement (MOVE) Unlock date: January 9 Number of tokens unlocked: 50 million MOVE Current circulating supply: 2.25 billion MOVE Movement is a blockchain platform that enhances Ethereum’s capabilities by using the Move programming language, which was first created by Meta (formerly Facebook). This technology helps make the blockchain more secure, scalable, and compatible with other systems. On January 9, Movement will release 50 million MOVE tokens. The project will use these tokens to grow the ecosystem and support the community. MOVE Unlock. Source: Tokenomist Optimism (OP) Unlock date: January 9 Number of tokens unlocked: 4.47 million OP Current circulating supply: 1.35 billion OP Optimism, a Layer-2 scaling solution, speeds up transactions and reduces costs on Ethereum. Its OP token is essential for governance, letting holders vote on proposals and influence the network’s future. On January 9, Optimism will release 4.47 million OP tokens, allocated for the seed fund. OP Unlock. Source: Tokenomist Aptos (APT) Unlock date: January 11 Number of tokens unlocked: 11.31 million APT Current circulating supply: 558.49 million APT Aptos is a Layer-1 blockchain designed to provide a secure and scalable platform for decentralized applications. It focuses on high performance and security to enhance…
Filed under: News - @ January 5, 2025 3:18 pm