Top 5 Major Tokens Unlock To Watch Next Week

In the world of cryptocurrency, token unlocks can significantly impact market dynamics. Next week, several key tokens are scheduled to be unlocked, and we’ll explore how these events could affect the market.

Why Token Unlocks Matter !!!

Tokenomics are usually designed to minimize the risk of large sell-offs that could cause a token’s price to drop. However, factors like low liquidity or early investors quickly selling their holdings after the unlock can still lead to price fluctuations.

1. Cardano (ADA)

Unlock Date: October 22

Number of Tokens to be Unlocked: 18.23 million ADA

Current Circulating Supply: 35.72 billion ADA

The upcoming unlock for Cardano involves a substantial amount of tokens, potentially affecting the market based on how holders respond to this event.

2. SpaceID (ID)

Unlock Date: October 22

Number of Tokens to be Unlocked: 18.49 million ID

Current Circulating Supply: 430.50 million ID

With SpaceID tokens also unlocking next week, this event could lead to shifts in the token’s liquidity and trading volume.

3. Eigen Layer (EIGEN)

Unlock Date: October 22

Number of Tokens to be Unlocked: 1.29 million EIGEN

Current Circulating Supply: 186.58 million EIGEN

Eigen Layer is another project with a notable token unlock, though the amount is smaller in comparison to other tokens.

4. Ethena (ENA)

Unlock Date: October 23

Number of Tokens to be Unlocked: 12.86 million ENA

Current Circulating Supply: 2.74 billion ENA

Next up is Ethena, with millions of tokens scheduled to be unlocked. How this affects price trends will depend on investor activity following the event.

5. Yield Guild Games (YGG)

Unlock Date: October 27

Number of Tokens to be Unlocked: 14.08 million YGG

Current Circulating Supply: 386.40 million YGG

Finally, Yield Guild Games (YGG) is seeing a major token unlock towards the end of the week. Investors should keep a close eye on market activity surrounding this event.