Token unlock releases tokens that were locked in funding contracts. Projects strategically plan these events to limit market pressure and stabilize prices.
There are five major token unlocks scheduled for next week.
Ethena (ENA)
- Unlock date: January 8
- Tokens unlocked: 12.86 million ENA
- Current circulating supply: 303 million ENA
Ethena is an Ethereum-based synthetic currency protocol. It provides bank-independent solutions and offers a dollar-pegged savings tool called "Internet Bonds" to global users.
ENA is the native token of the protocol, allowing holders to participate in governance. On January 8, Ethena will unlock over 12 million ENA tokens to support ecosystem development. The value of these tokens is $16.21 million.
Movement (MOVE)
- Unlock date: January 9
- Tokens unlocked: 50 million MOVE
- Current circulating supply: 225 million MOVE
Movement is a blockchain platform that enhances the functionality of Ethereum. It uses the Move programming language, originally developed by Meta (formerly Facebook). This technology makes blockchains more secure, scalable, and interoperable.
On January 9, Movement will release 50 million MOVE tokens. The project will use these tokens to support ecosystem growth and community initiatives.
Optimism (OP)
- Unlock date: January 9
- Tokens unlocked: 4.47 million OP
- Current circulating supply: 135 million OP
Optimism is a Layer-2 scaling solution that increases Ethereum's transaction speed and reduces costs. The OP token is essential for governance, allowing holders to vote on proposals and influence the network's future.
On January 9, Optimism will release 4.47 million OP tokens allocated to the seed fund.
Aptos (APT)
- Unlock date: January 11
- Tokens unlocked: 11.31 million APT
- Current circulating supply: 558.49 million APT
Aptos is a Layer-1 blockchain that provides a secure and scalable platform for decentralized applications. It focuses on high performance and security to enhance the blockchain experience. However, some critics have raised concerns about the venture capital-driven tokenomics.
On January 11, Aptos will release 11.31 million APT tokens to community members, core contributors, and investors.
Io.net (IO)
- Unlock date: January 11
- 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 underutilized GPUs from various sources to offer developers a scalable and cost-effective solution.
On January 11, Io.net will unlock approximately 3.22 million IO tokens, which is about 2.50% of the circulating supply. These tokens are allocated for community and ecosystem development.
Next week's cliff token unlocks include Eigen Layer (EIGEN), Moca Network (MOCA), Render (RNDR), and others, with a total value exceeding $280 million.
