Massive Token Unlocks This Week: ENA and EIGEN Take Center Stage
Between December 1 and December 8, cryptocurrency exchanges will release $218 million worth of tokens, according to statistics from Tokenomist. This week, Ethena (ENA) and EigenLayer (EIGEN) are dominating with their large one-time cliff releases. However, linear daily dividends from projects like Solana, TRUMP, Worldcoin, Dogecoin, Aster, and Avalanche are generating major contributions to market circulation.
Two Major Unlocks Shake the Market: ENA and EIGEN in Focus
With the release of 212.50 million ENA tokens valued at $52.63 million, Ethena is carrying out the biggest token unlock of the week. This release accounts for 3.04% of the total ENA supply and forms a single tranche within a multi-year vesting schedule. Its absolute cash value exceeds all other planned unlocks during that time, even though its percentage impact is less than EigenLayer’s. Thus, traders and investors prioritize it.
Next up is EigenLayer, which will release 36.82 million tokens worth $19.55 million. This discharge, which accounts for 10.79% of the project’s total supply, may put significant short-term pressure on market absorption. Investors will be watching how the market digests this big infusion, particularly considering its proportionally larger supply impact compared to ENA.
Crypto Volatility Looms With Massive Token Releases Incoming
The entire $218 million in token unlocks this week underlines the importance of watching significant vesting occurrences. Around significant releases, traders should expect higher volatility and modify their holdings appropriately. Market players may experience brief price swings as the tokens go into circulation, with Ethena and EigenLayer leading in both absolute and percentage supply effect.
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