Weekly Token Unlocks: IMX, ADA Set for Major Releases Worth Millions

Upcoming Token Unlock Events: A Closer Look

According to PANews and Token Unlocks, several cryptocurrency tokens are set to undergo significant unlock events over the next week. These events are crucial for investors and the market, impacting the circulating supply and potentially influencing token prices. Here are the details of the upcoming unlocks:

1. Immutable (IMX)

On November 29 at 12:00 AM UTC, approximately 24.52 million IMX tokens will be unlocked. This represents about 1.47% of the circulating supply and is estimated to have a market value of $40.5 million.

2. Cardano (ADA)

Approximately 18.53 million ADA tokens will be unlocked on November 26 at 12:00 AM UTC. This unlock accounts for 0.05% of the circulating supply, equating to an estimated value of $18.9 million.

3. Yield Guild Games (YGG)

On November 27 at 2:00 PM UTC, about 14.08 million YGG tokens are set to be unlocked. This unlock represents 3.65% of its circulating supply with an estimated market value of $8.6 million.

4. Ethena (ENA)

Approximately 12.86 million ENA tokens will be unlocked on November 27 at 7:00 AM UTC. This unlock constitutes approximately 0.45% of its circulating supply with an estimated value of $7.8 million.

5. Artificial Superintelligence Alliance (FET)

On November 28 at 12:00 AM UTC, around 3.45 million FET tokens will be unlocked, representing 0.13% of the circulating supply, with an estimated market value of $5 million.

6. Eigenlayer (EIGEN)

On November 27 at 7:00 PM UTC, approximately 1.29 million EIGEN tokens will be released. This represents around 0.69% of the circulating supply with an estimated value of $3.5 million.

7. Hooked Protocol (HOOK)

Finally, 4.17 million HOOK tokens will be unlocked on November 25 at 12:00 AM UTC. This accounts for 2.05% of the circulating supply, translating to an approximate value of $2.3 million.

Conclusion

These upcoming unlock events may greatly affect the cryptocurrency market. Investors should monitor these events closely, as they could lead to increased volatility and trading opportunities. For more updates, stay tuned to our site!