5 Token Unlocks to Watch Next Week
5 Token Unlocks to Watch Next Week Token unlocks release tokens previously restricted under fundraising agreements, with projects timing these events to minimize market pressure and stabilize prices. Here are five major token unlocks to watch next week. Cardano (ADA) Unlock date: December 16 Number of tokens unlocked: 18.53 million ADA Current circulating supply: 35.82 billion ADA Cardano, recognized for its focus on sustainability, security, and scalability, is pivotal in driving decentralized applications and smart contracts. On December 16, the project will unlock over 18 million ADA tokens, allocated for staking and the treasury fund reserve. ADA Unlock. Source: TokenomistArbitrum (ARB) Unlock date: December 16 Number of tokens unlocked: 92.65 million ARB Current circulating supply: 4.09 billion ARB Arbitrum, developed by Offchain Labs, is a leading Layer-2 solution for Ethereum. Launched in August 2021, it has backing from Lightspeed Venture Partners, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Mark Cuban, and Coinbase. Next week, Arbitrum will unlock 92.65 million ARB tokens, valued at around $91 million, with allocations to the team, advisors, and investors. ARB Unlock. Source: TokenomistApecoin (APE) Unlock date: December 17 Number of tokens unlocked: 15.60 million APE Current circulating supply: 721.44 million APE ApeCoin, the native token of Yuga Labs’ Ape ecosystem, will unlock over 15 million tokens on December 17. These tokens will be distributed among the treasury, founders, team, and contributors. Historically, APE’s price has dropped after large unlocks. However, with renewed interest in NFTs, the impact may be less severe this time. Investors and traders should closely monitor this event, as it could significantly affect the token’s price dynamics. APE Unlock. Source: TokenomistEthena (ENA) Unlock date: December 18 Number of tokens unlocked: 12.86 million ENA Current circulating supply: 2.93 billion ENA Ethena, a synthetic currency protocol on Ethereum, offers a native cryptocurrency solution independent of traditional banking. It also provides global users with a dollar-denominated savings instrument known as the “Internet Bond.” The ENA token allows holders to participate in governance decisions. On December 18, the project will unlock over 12 million ENA tokens allocated for ecosystem development. ENA Unlock. Source: TokenomistSpace ID (ID) Unlock date: December 22 Number of tokens unlocked: 78.49 million ID Current circulating supply: 430.50 million ID Space ID is a universal decentralized identity protocol that links people, assets, and dApps across multiple blockchains. It enables users to use a single domain name to represent their identity across various applications and networks. On December 22, the project will unlock over 78 million ID tokens, distributing them among the Space ID Foundation, ecosystem fund, team, community, and participants in several sale rounds. ID Unlock. Source: TokenomistNext week’s cliff token unlocks will also include Echelon Prime (PRIME) and Eigen Layer (EIGEN), among others, with a total combined value exceeding $270 million. Disclaimer In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.