Major Token Unlocks From Hatom ($HTM), Immutable ($IMX), and Ethena ($ENA) Scheduled Between January 20 and January 26, 2025

The cryptocurrency market is gearing up for a series of major token unlocks over the coming days, which could significantly influence price movements and trading activity

Several major token unlocks are approaching, presenting opportunities and risks for crypto traders.

Prominent projects like Hatom ($HTM), Immutable ($IMX), and Ethena ($ENA) will carry out these unlocks between January 20 and January 26, 2025.

As per the Phoenix Group, Hatom and Odos will begin the unlock series on January 20.

Hatom will release 5.02 million $HTM tokens, valued at $4.32 million, and Odos will unlock 66.68 million $ODOS tokens, valued at $1.71 million.

The Phoenix Group, a blockchain data and research firm, has highlighted upcoming token unlocks that are expected to impact the cryptocurrency market significantly.

These events, involving prominent projects like Hatom ($HTM), Immutable ($IMX), and Ethena ($ENA), are scheduled between January 20 and January 26, 2025.

As a quick refresher, token unlocks refer to the release of a batch of tokens that were previously locked for a specific period of time. These tokens can belong to a project's team, investors, or community members.

The Phoenix Group's analysis provides valuable insights into the upcoming token unlocks and their potential implications for the crypto market.

Let's delve into the details of these events and explore how they might influence token prices and trading activity.

The Phoenix Group's analysis, published on January 18, offers a comprehensive overview of upcoming token unlocks that are poised to impact the cryptocurrency market significantly.

These events, involving prominent projects like Hatom ($HTM), Immutable ($IMX), and Ethena ($ENA), are scheduled to take place over the coming days, presenting both opportunities and risks for crypto traders.

As a quick refresher, token unlocks refer to the release of a batch of tokens that were previously locked for a specific period of time. These tokens can belong to a project's team, investors, or community members.

In the world of cryptocurrencies, token unlocks are a common occurrence that can significantly impact a token's price and trading activity. These events often pique the interest of traders and investors, presenting both opportunities and risks.

To help traders navigate this landscape, several platforms and services provide up-to-date information on upcoming token unlocks. One notable resource is the Phoenix Group, a blockchain data and research firm that regularly publishes a list of upcoming unlocks.

As we approach the end of January, the cryptocurrency market is gearing up for a series of major token unlocks that are bound to influence price movements and trading activity.

Prominent projects like Hatom ($HTM), Immutable ($IMX), and Ethena ($ENA) will carry out these unlocks, presenting both opportunities and risks for traders.

As per the Phoenix Group, Hatom and Odos will kick off the unlock series on January 20.

Hatom is set to release 5.02 million $HTM tokens, representing 5.02% of its total supply, valued at $4.32 million.

Odos will unlock 66.68 million $ODOS tokens, equivalent to 0.67% of its supply, with a market value of $1.71 million.

The action intensifies on January 22 when Space ID and Ethena execute their token unlocks.

Space ID plans to release 18.49 million $ID tokens, or 0.93% of its supply, valued at $7.64 million.

Ethena's unlock, amounting to 12.86 million $ENA tokens (0.42% of its supply), will release tokens worth $11.77 million into the market.

January 24 will see Immutable unlock 24.52 million $IMX tokens, making up 1.43% of its total supply, valued at $30.16 million.

Moca Network will follow with an unlock of 2.43 million $MOCA tokens, equivalent to $456,910.

On January 25, AltLayer and Radworks will execute significant unlocks.

AltLayer plans to release 240.80 million $ALT tokens, representing 2.41% of its supply, valued at $22.37 million.

Radworks will unlock 1.56 million $RAD tokens, worth $1.07 million.

Finally, on January 26, Sovrun will release 36.71 million $SOVRN tokens, representing 4.09% of its supply and valued at $22.40 million, rounding out a week of impactful market events.