Unlock Alert: ENA and EIGEN Unleash $218M Token Flood This Week

Get ready for a liquidity surge. Two major protocols are about to open the vaults.

The Unlock Wave

ENA and EIGEN are leading the charge, releasing a combined $218 million worth of tokens into circulation. That's not a gentle drip—it's a wave hitting the market all at once. These aren't minor players; they're core components of significant DeFi ecosystems, meaning this unlock carries weight far beyond simple tokenomics.

Market Mechanics in Motion

Unlocks cut both ways. They reward early backers and teams, sure, but they also introduce fresh sell pressure. The market now has to digest a quarter-billion dollars in newly tradeable assets. Watch for volatility as supply and demand rebalance—some see dilution, others see a buying opportunity once the initial wave passes.

Timing is Everything

This isn't happening in a vacuum. The crypto market's sentiment can turn a scheduled unlock into a major event or a minor footnote. A bullish trend might absorb the new supply without a hiccup; a nervous market could amplify the downward pressure. It's the ultimate test of a project's real-world demand versus its paper valuation.

The Bottom Line

Major token unlocks are a rite of passage—a shift from promise to proof. They separate projects built on hype from those with staying power. While the finance traditionalists might scoff at 'digital assets creating real supply shocks,' the next few days will show if the market has the appetite to swallow this $218 million pill. Buckle up.

Ethena leads token unlocks with $52.63 million release

Ethena is executing the largest token unlock that is scheduled between December 1 and December 8. According to the tracking on Tokenomist, the project is releasing 212.50 million ENA tokens valued at $52.63 million. The distribution represents 3.04% of the total supply entering circulation simultaneously.

The December unlock was part of Ethena’s vesting schedule set since the launch of the project. The token distribution common in token distribution involves vesting portions for the team, early investors, development, and community rewards. 212.50 million tokens FORM one tranche in a multi-year vesting timeline.

On a percentage basis, ENA’s 3.04% supply impact ranks lower than EIGEN. The absolute dollar value of $52.63 million exceeds all other scheduled releases during the period.

EigenLayer has scheduled a 36.82 million token release valued at $19.55 million. This distribution represents 10.79% of the total supply. Projects with smaller circulating supplies face proportionally larger impacts from scheduled releases.

The value of $19.55 million positions EIGEN as the second-largest cliff unlock of the week. The 10.79% supply increase tests market absorption capacity over a short timeframe.

Linear token unlocks total $145.88 million across six projects

Solana leads with 489,210 SOL tokens worth $62.85 million over the seven-day period. This is the largest linear unlock in terms of dollar value. TRUMP token follows with 4.89 million tokens valued at $28.32 million through gradual daily vesting. Worldcoin comes in third with 37.23 million tokens worth $21.76 million in the week.

Dogecoin is adding 95.97 million tokens that are worth $13.40 million to the circulating supply. In daily distributions, Aster has released 10.28 million tokens valued at $10.35 million. Avalanche concluded its linear unlocks with 700,000 tokens valued at $9.20 million. The six projects combine for a gradual supply expansion of $145.88 million.

Less popular token unlocks show advanced vesting progress

CoinMarketCap data reveals several projects with advanced vesting completion percentages. Adventure Gold (AGLD) reached 95.06% unlock progress with the next release of 1.55 million tokens worth $419,425.85. The project nears full token distribution completing the multi-year vesting timeline.

Orbler is at 93.80% completion, and the upcoming release of 31.01 million tokens is worth $2.08 million. The 1.55% of the total locked amount results in a really small remaining vesting schedule. DTEC is at 74.35%, scheduling 9.24 million token unlocks worth $92,984.44, which constitutes 1.51% of the locked supply. ReadFi SRDF is at 74.59% completion, and it schedules 1.59 million tokens valued at $5,738.27.

Audiera stands at an earlier vesting stage at 14.00% completion. The project has scheduled 21.25 million BEAT tokens worth $19.74 million, which accounts for 2.12% of the total locked supply. The combined token unlocks amount to $218 million, which is quite decent weekly supply expansion.

The period from December 1 through December 8 puts the focus on major and minor project releases all at once, while vesting schedules continue for many projects well into 2026 and beyond.

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