In summary,
Optimism, Aptos, and other projects will unlock tokens next week.
The total value of tokens unlocked this week exceeds $280 million.
Token prices may fluctuate around major unlocking events.
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Token unlocks are the release of previously restricted tokens due to fundraising agreements. Projects strategically schedule these events to reduce market pressure and stabilize prices.
Here are five major token unlocks scheduled for next week.
Also read: Token Unlocks: How Supply Changes Affect Market Dynamics?
#1. Ethena (ENA)
- Unlock date: January 8th
- Number of tokens unlocked: 12.86 million ENA
- Current circulating supply: 3.03 billion ENA
Ethena, a synthetic currency protocol on Ethereum, provides a bankless solution and offers global users a dollar-pegged savings instrument called “Internet Bonds.”
ENA, the protocol’s native token, allows holders to participate in governance. On January 8th, Ethena will unlock over 12 million ENA tokens, worth $16.21 million, for ecosystem development
#2. Movement (MOVE)
- Unlock date: January 9th
- 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, first created by Meta (formerly Facebook). This technology makes the blockchain more secure, scalable, and interoperable with other systems.
On January 9th, Movement will release 50 million MOVE tokens. The project will use these tokens for ecosystem development and community support.
#3. Optimism (OP)
- Unlock date: January 9th
- Number of tokens unlocked: 4.47 million
- OP Current circulating supply: 1.35 billion OP
Optimism, a Layer-2 scaling solution, accelerates transaction speeds and reduces costs on Ethereum. Its OP token is crucial for governance, allowing holders to vote on proposals and influence the future of the network.
On January 9th, Optimism will release 4.47 million OP tokens, allocated to the Seed fund
#4. Aptos (APT)
- Unlock date: January 11th
- 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 throughput and security to enhance the blockchain experience. Although successful, some critics have raised concerns about its venture capital-driven tokenomics.
On January 11th, Aptos will release 11.31 million APT tokens to community members, core contributors, and investors
#5. io.net (IO)
- Unlock date: January 11th
- Number of tokens unlocked: 3.22 million IO
- Current circulating supply: 128.83 million IO
io.net is a decentralized GPU network designed to provide computing power for AI and machine learning applications. It aggregates unused GPUs from various sources, offering a scalable and cost-effective solution for developers.
On January 11th, io.net is expected to unlock approximately 3.22 million IO tokens, representing about 2.50% of the circulating supply. These tokens are allocated for community and ecosystem development.
Next week’s cliff token unlocks will also include Eigen Layer (EIGEN), Moca Network (MOCA), and Render (RNDR), with a combined total value exceeding $280 million.
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