$1.3 billion ENA token unlock schedule leads crypto unlocks this week

The cryptocurrency market faces a supply increase over the next week as more than $1.3 billion worth of token unlocks are scheduled for unlock across 22 projects.

According to data compiled from Tokenomist, ENA stands out as the week’s dominant unlock event according to the Ethena vesting period calendar. This single event accounts for roughly 70% of all tokens scheduled for unlock during the period from March 3 to March 10

Ethena leads cliff token unlocks with $932.42 million

Ethena (ENA) will unlock 2.07 billion tokens valued at $932.42 million. This unlock accounts for 66.19% of ENA circulating supply.

MOVE follows as a distant second with 50 million tokens valued at approximately $24.76 million, making up just 2.08% of its circulating supply. STIK will release 3.07 million tokens worth $16.88 million.

KAS ranks fourth among cliff unlocks with 162.35 million tokens valued at $13.84 million. The project is adding a relatively modest 0.63% to its circulating supply. NEON’s unlock appears more substantial in relative terms, with 53.91 million tokens worth $8.92 million accounting for 22.51% of its circulating supply.

Rounding out the major cliff unlocks, IOTA will release 23.78 million tokens valued at $5.90 million, which is 0.65% of its circulating supply.

Solana leads linear token unlocks with $79.93 million

While cliff-style unlocks make up the week’s largest single events, linear vesting schedules across various projects will release tokens valued at approximately $321 million. SOL heads this category with a small token count of 465,770 SOL but a substantial value of $79.93 million.

WLD follows with 37.23 million tokens valued at $45.04 million, accounting for 3.47% of its circulating supply. TIA will release 6.99 million tokens worth $27.35 million (1.30% of supply), while DOGE’s linear unlock will introduce 96.52 million tokens valued at $21.93 million.

Other notable linear unlocks include OM at $20.12 million (0.27% of supply), TAO at $17.27 million (0.60% of supply), and AVAX at $16.97 million (0.17% of supply).

Mid-tier and smaller project unlock

Beyond the largest unlocks, several mid-tier projects will also release tokens worth between $7 million and $15 million each. IP will unlock 2.32 million tokens valued at $14.68 million (0.90% of supply), while DOT’s unlock of 2.30 million tokens is worth approximately $11.72 million.

SUI and JTO follow closely with unlocks valued at $11.50 million and $11.18 million respectively. NEAR will release 2.97 million tokens worth $10.05 million (0.25% of supply).

Smaller unlocks are FIL ($8.84 million), BERA ($8.07 million), ENS ($7.11 million), and SEI ($7.04 million). CoinMarketCap data reveals mixed price performance among projects that anticipate unlocks. WazirX (WRX) and VaporFund (VPR) both record small gains of 0.08% over the last 24 hours, while Sleepless AI (AI) has lost 0.18%. Trailblaze (XBLAZE) has lost a bigger 1.13%, but Stella Fantasy (SFTY) has gained 1.25%.

Projects such as Sleepless AI with a market cap of $66.46 million can see more volatility from unlock events than smaller-cap projects such as VaporFund ($54,034) or larger projects with higher liquidity. Token unlocks in smaller projects can cause disproportionate price action because of the limited market depth and trading volume.

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