$120M Token Unlocks Set to Shake Markets:
$ENA ,
$IMX Among the Big Movers in August 2025
A wave of token unlocks exceeding $120 million is poised to hit the cryptocurrency market beginning August 5, 2025, affecting several key projects including Ethena (ENA), Immutable (IMX),
$IOTA , and EigenCloud. These unlocks, which will inject fresh liquidity into already volatile markets, are sparking a mix of caution and speculative optimism among investors.
What’s Happening?
According to
#TokenUnlocks , the cumulative value of crypto assets set for release this month will surpass $120 million, with
#Ethena (ENA) leading the pack at $95.8 million, followed by
#Immutable (IMX) at $12.2 million. The rest is spread across other notable projects such as
#IOTA ,
#EigenCloud and additional emerging protocols.
These events typically involve the release of tokens previously locked for team allocations, early investors, ecosystem rewards, or protocol development — a mechanism that, if poorly absorbed by market demand, can cause downward price pressure.