In the next 7 days, cryptocurrency tokens worth $535.46 million will enter the market. Specifically, three major ecosystems - Ethena (ENA), Immutable (IMX), and Movement (MOVE) - will release a significant amount of new token supply in the first week of August.
Token unlocks can inject new liquidity into the market and trigger price volatility and changes. Let's examine the key points for each project.
1. Ethena (ENA)
- Unlock Date: August 5
- Number of Tokens to be Unlocked: 17.188 million ENA (1.15% of total supply)
- Current Circulating Supply: 6.3 billion ENA
- Total Supply: 15 billion ENA
Ethena is a decentralized synthetic dollar protocol built on the Ethereum (ETH) blockchain. It provides a cryptocurrency-native alternative to traditional stablecoins. The protocol's flagship product is the USDe synthetic dollar stablecoin. Additionally, ENA is the protocol's governance token.
On August 5, the team will release 17.188 million ENA. These tokens are worth $104.82 million and represent 2.7% of the current circulating supply.
Ethena will award 93.75 million tokens to key contributors. Additionally, investors will receive 78.13 million ENA. This supply release follows the network's cliff unlock pattern.
2. Immutable (IMX)
- Unlock Date: August 8
- Number of Tokens to be Unlocked: 24.52 million IMX (1.23% of total supply)
- Current Circulating Supply: 1.89 billion IMX
- Total Supply: 2 billion IMX
Immutable X is a Layer 2 scaling solution built on Ethereum, designed for Non-Fungible Tokens (NFTs). It enables gasless transactions, supports ERC-721 and ERC-20 tokens, and provides high speeds up to 9,000 TPS using zero-knowledge proofs for security and scalability. The native token IMX is used for platform governance and services.
The network will unlock 24.52 million IMX tokens on August 8, worth $12.36 million. This represents 1.30% of Immutable's current circulating supply.
The team will allocate most tokens (16.56 million) to project development. Additionally, Immutable will dedicate 7.96 million IMX to ecosystem development.
3. Movement (MOVE)
- Unlock Date: August 9
- Number of Tokens to be Unlocked: 50 million MOVE (0.5% of total supply)
- Current Circulating Supply: 2.65 billion MOVE
- Total Supply: 10 billion MOVE
Movement Network is an L2 blockchain solution using the Move programming language. It leverages advanced mechanisms to ensure strong interoperability and high security across the ecosystem.
The team will release approximately 50 million tokens worth $6.51 million. These tokens represent 1.89% of the circulating supply, and the entire unlocked supply will be used for the ecosystem and community.
In addition to these three, Bouncebit (BB), Delysium (AGI), and IOTA will also have new supply entering the market. Throughout August, the market will welcome tokens worth approximately $3 billion.
