Weekly Token Unlocks: APT, ADA, ENA Lead with $160M in Tokens

Upcoming Token Unlocking Events in December 2023

The cryptocurrency market is always evolving, and token unlockings play a significant role in the circulation and pricing of various coins. On December 11, 2023, several prominent cryptocurrencies will see notable amounts of their tokens unlocked. Here’s a detailed breakdown of the unlocking events.

Aptos (APT)

Aptos (APT) will unlock approximately 11.31 million tokens on December 11 at 4 PM (UTC+0). This represents about 2.11% of its circulating supply, which is valued at around $160 million.

Cardano (ADA)

Cardano (ADA) has scheduled the unlocking of around 18.53 million tokens on December 11 at 12 AM (UTC+0). This accounts for 0.05% of the circulating supply, estimated at $22 million.

Ethena (ENA)

Ethena (ENA) will follow suit with the unlocking of about 12.86 million tokens on December 11 at 7 AM (UTC+0), equating to 0.44% of its circulating supply and valued at approximately $12.9 million.

io.net (IO)

io.net (IO) is set to unlock approximately 2.11 million tokens on December 11 at 12 PM (UTC+0), representing 1.68% of the circulating supply, worth about $7.5 million.

Eigenlayer (EIGEN)

Eigenlayer (EIGEN) has an unlocking scheduled for December 10 at 7 PM (UTC+0), with approximately 1.29 million tokens unlocking, which is 0.61% of its circulating supply, valued at about $5.9 million.

Fusionist (ACE)

Finally, Fusionist (ACE) will unlock around 850,000 tokens on December 11 at 12 AM (UTC+0), which represents 2.01% of its circulating supply, estimated at $2.9 million.

Impact of Token Unlockings

Token unlockings can significantly impact the market dynamics of cryptocurrencies. When new tokens enter circulation, they can affect supply and demand, which may lead to price fluctuations. Investors should stay informed about these events as they can offer insights into potential market movements.

Conclusion

As December 11 approaches, keep an eye on the scheduled token unlockings for Aptos, Cardano, Ethena, io.net, Eigenlayer, and Fusionist. Understanding these events can provide valuable insights into the cryptocurrency market landscape.