Weekly Token Unlocks: Significant IMX and ADA Events

Upcoming Token Unlock Events: What You Need to Know

According to recent reports from PANews and data from Token Unlocks, several significant token unlock events are set to take place next week. These events can have notable implications for the respective cryptocurrencies' markets. Below, we highlight the key details of the upcoming unlocks.

1. Immutable (IMX)

• Unlock Date: November 29, 12:00 AM UTC
• Tokens Unlocked: Approximately 24.52 million tokens
• Percentage of Circulating Supply: 1.47%
• Estimated Value: $40.5 million

2. Cardano (ADA)

• Unlock Date: November 26, 12:00 AM UTC
• Tokens Unlocked: Approximately 18.53 million tokens
• Percentage of Circulating Supply: 0.05%
• Estimated Value: $18.9 million

3. Yield Guild Games (YGG)

• Unlock Date: November 27, 2:00 PM UTC
• Tokens Unlocked: Approximately 14.08 million tokens
• Percentage of Circulating Supply: 3.65%
• Estimated Value: $8.6 million

4. Ethena (ENA)

• Unlock Date: November 27, 7:00 AM UTC
• Tokens Unlocked: Approximately 12.86 million tokens
• Percentage of Circulating Supply: 0.45%
• Estimated Value: $7.8 million

5. Artificial Superintelligence Alliance (FET)

• Unlock Date: November 28, 12:00 AM UTC
• Tokens Unlocked: Approximately 3.45 million tokens
• Percentage of Circulating Supply: 0.13%
• Estimated Value: $5 million

6. Eigenlayer (EIGEN)

• Unlock Date: November 27, 7:00 PM UTC
• Tokens Unlocked: Approximately 1.29 million tokens
• Percentage of Circulating Supply: 0.69%
• Estimated Value: $3.5 million

7. Hooked Protocol (HOOK)

• Unlock Date: November 25, 12:00 AM UTC
• Tokens Unlocked: Approximately 4.17 million tokens
• Percentage of Circulating Supply: 2.05%
• Estimated Value: $2.3 million

Implications of Token Unlocking

Token unlock events can influence market dynamics, leading to increased volatility and changing supply-demand ratios. Investors should stay informed and consider the potential impact on the tokens listed above. It's essential to analyze the broader market trends and community sentiment surrounding these cryptocurrencies.

Conclusion

These upcoming unlock events are critical for both investors and enthusiasts in the cryptocurrency landscape. Make sure to stay updated on the developments and prepare for possible market fluctuations as these tokens enter the market.