Token unlocking or release is the transfer of previously locked tokens to the private wallets of initial investors, team members, or project partners, enabling them to be traded on the open market. According to the scheduled plans, three significant token unlocking events will take place in the upcoming week, which we will discuss below: 1. Etna (ENA): Etna is a synthetic dollar protocol on the Ethereum network, providing a banking-independent solution. This protocol offers tools like internet bonds allowing global users to save in dollar form. The native token of this protocol, ENA, also provides governance participation for holders. On December 25, over 12 million ENA tokens worth $13.73 million will be released for ecosystem development. 2. Cardano (ADA): Cardano focuses on stability, security, and scalability, playing a crucial role in decentralized app development and smart contracts. On December 26, over 18 million ADA tokens worth $16.92 million will be released for staking and treasury reserve. 3. Immutable (IMX): Immutable is a layer two solution for scaling NFTs on the Ethereum network. In 2021, it managed to raise $12.5 million in just an hour through IMX token sales. On December 27, 24.52 million IMX tokens will be released to support project development and ecosystem growth. In addition to these tokens, projects like Yield Guild Games (YGG), Eigen Lier (EIGEN), and Fetch.ai (FET) will also hold their token unlocking events this week, with a total estimated value of over $120 million. You can monitor the prices of all tokens and cryptocurrencies in real-time on the digital currencies’ live price page.
