Token Unlock: Critical Schedule Unveiled for $63.75M ENA and More

Key Points

1. Ethena (ENA) leads this week's token unlocks with 94.19 million tokens ($63.75M) set to be released on August 2.

2. Other notable unlocks include Optimism (OP) with 32.21M tokens ($24.03M), AltLayer (ALT) with 240.54M tokens ($11.58M), Bonk (BONK) with 504.43M tokens ($16.96M), and Sui (SUI) with 44M tokens ($190M).

3. Token unlocks can influence market psychology and supply-demand dynamics, often leading to price volatility.

4. Projects implement token vesting and unlocks to align stakeholder interests with long-term success, but the impact on price depends on market sentiment and project fundamentals.

5. Investors can prepare for token unlocks by researching vesting schedules, monitoring market sentiment, and diversifying portfolios.