Major token unlocks this week (October 1 - October 8)

By LeftFooted | bitcoinea | 1 Oct 2024


One of the things to keep an eye on in crypto is the token unlock calendar.


On a regular basis, usually more times per week, a portion of the total supply of several tokens is unlocked, which means they become tradable.


Now there's a lot of ifs and buts.

But, broadly speaking, these token unlocks generally impact the circulating supply and therefore, potentially, the value.


There are three major token unlocks this week: ENA, NEON, ZETA, and IMX.


Let's start with Ethena (ENA), with 428.38 million tokens, equivalent to $163.75 million and 22.53 percent of the circulating supply, unlocked on October 1st.

Also on October 1st, we've got ZetaChain (ZETA), with 1.01 million ZETA set to be unlocked, equivalent to $694.830 or 0.22 percent of the circulating supply.


Next, we've got Neon (NEON).

On October 1, 53.91 million NEON will be unlocked, worth around $20 million and equivalent to a whopping 93.43 percent of the circulating supply.


Last, Immutabile (IMX), with 32.47 million IMX tokens worth $56.51 million unlocked today, equivalent to 2.02 percent of the circulating supply.


 

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LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


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