Token Unlocks Release Previously Restricted Tokens Tied to Fundraising Agreements

Projects schedule these events strategically to limit market pressure and stabilize prices. Here are four large token unlocks scheduled for next week.

Several projects are preparing for substantial token unlocks in the upcoming week, a crucial event forホルダー and traders.

Here's a glance at four noteworthy token unlocks scheduled for next week.

ApeX Protocol (APEX)

ApeX Protocol, a decentralized, non-custodial, and permissionless platform for derivatives trading, was created under the guidance of Davion Labs, a blockchain-focused incubator. It has also received substantial backing from notable investors, including Dragonfly, Tiger Global, and Jump Trading.

On January 20, ApeX is set to unlock 10 million APEX tokens, an event that will impact nearly 18.71% of its current circulating supply.

Ethena (ENA)

Ethena, a synthetic currency protocol on Ethereum, offers a solution independent of traditional banking. It also provides global users with a dollar-denominated savings tool known as the "Internet Bond."

The native token of Ethena, ENA, allows holders to participate in governance decisions for the protocol. In a significant move, Ethena will unlock over 12 million ENA tokens, valued at $11 million, with the funds allocated to support ecosystem development.

Immutable (IMX)

Immutable, a Layer-2 solution for scaling NFTs on Ethereum, raised an impressive $12.5 million in just one hour during its IMX token sale on CoinList in September 2021. By March 2022, it had secured $60 million in an investment round, followed by $200 million from investors including ParaFi Capital, Declaration Partners, and Tencent Holdings.

On January 24, Immutable will release 24.52 million IMX tokens. These tokens are designated to support project development and drive growth within the broader Immutable ecosystem.

AltLayer (ALT)

AltLayer is a decentralized protocol that aims to facilitate the deployment of scalable Layer-2 solutions, such as optimistic and zero-knowledge (ZK) rollups.

On January 25, AltLayer is set to unlock over 240 million ALT tokens. The allocation will be distributed across multiple categories, including the team, investors, advisors, community, treasury, and ecosystem development initiatives.

In addition to the tokens mentioned above, Eigen Layer (EIGEN), Moca Network (MOCA), and Artificial Superintelligence Alliance (FET) will also experience token unlocks next week, with a total combined value exceeding $220 million.