The cryptocurrency market is preparing for significant token unlocks this week, with a total value exceeding $218 million, according to data from Tokenomist. These unlocks, scheduled for December 1-7, include both one-time releases and daily linear unlocks, potentially influencing market movements and trader behavior.
Leading the one-time unlocks are ENA (Ethena) and EIGEN (EigenLayer), each with releases valued over $5 million. Specifically, EIGEN is set to unlock 36.82 million tokens worth approximately $21.8 million at 4:00 a.m. UTC on December 1, representing 10.79% of its circulating supply. ENA follows with 40.63 million tokens worth $11.6 million unlocking at 7:00 a.m. UTC on December 2.
In addition, several high-profile tokens are undergoing daily linear unlocks exceeding $1 million per day. These include SOL (Solana), TRUMP (associated with meme/political narratives), WLD (Worldcoin), DOGE (Dogecoin), ASTER, and AVAX (Avalanche). While more gradual, these daily releases consistently add supply to the market, which can impact liquidity and pricing over time.
Token unlocks often increase circulating supply, leading to potential selling pressure and short-term volatility. However, they can also present buying opportunities for investors anticipating future growth. As highlighted by Wu Blockchain on Twitter, the total unlock value surpasses $218 million, urging market watchers to stay alert for price fluctuations. Investors are advised to review vesting schedules and monitor tokenomics to manage volatility during these periods.
