Major token unlocks this week

Major token unlocks this week

By LeftFooted | bitcoinea | 19 Aug 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 these week: AVAX, PIXEL and ENA.


The first one will be Pixels (PIXEL), with 54.37 million PIXEL tokens set to be unlocked on August 19.

At the time of writing, that's roughly 7.05 percent of the circulating supply, and it's equivalent to $7.08 million in total.


The second one, on August 20, will be Avalanche (AVAX), with 9.54 million AVAX, or 2.41 percent of the circulating supply, being now available in the market.

That's around $197.13 million at the of writing.


The third one this week is Ethena (ENA), with 14.89 million ENA set to enter the market on August 25. That's 0.82 percent of the circulating supply, worth $4.44 million.

How do you rate this article?

14


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


bitcoinea
bitcoinea

Let’s talk crypto 💎💠

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.