This week, 6 tokens will be unlocked, with only ENA, MOVE, and MOCA having relatively high unlock ratios.
Ethena
Project Twitter: https://x.com/ethena_labs
Project Website: https://www.ethena.fi/
Unlock Amount: 172 million tokens
Unlock Value: Approximately $50.37 million
Ethena Labs' algorithmic stablecoin USDe currently relies on collateral BTC, stETH, and its inherent yield, while creating short positions for Bitcoin and ETH to balance Delta and utilize perpetual/futures funding rates to maintain anchoring and provide yield. By using spot yield and hedging against a one-time short position loss, it achieves balance while earning ETH staking yield and short position funding fees.
This round of ENA unlock includes two categories: 93.75 million tokens for core contributors, valued at approximately $27.27 million; and 78.13 million tokens for investors, valued at $22.72 million.
Specific release curve as follows:
Movement
Project Twitter: https://x.com/movementlabsxyz
Project Website: https://movementlabs.xyz/
Unlock Amount: 50.06 million tokens
Unlock Value: Approximately $8.46 million
Movement is a modular framework for building and deploying Move-based infrastructure, applications, and blockchains in any distributed environment. The first version M1 redefines L1 as a vertically composable and horizontally scalable layer 1 framework that is Solidity compatible, connecting EVM and Move liquidity, and allowing builders to create modular and interoperable application chains with different user bases and liquidity out of the box.
This round of MOVE unlock is only for the "Ecosystem and Community" category, with the current circulation ratio at 25%, hence the relatively high unlock proportion.
Specific release curve as follows:
