๐ค ๐๐ฏ๐๐ซ $๐๐๐๐ ๐ข๐ง ๐๐จ๐ค๐๐ง ๐๐ง๐ฅ๐จ๐๐ค๐ฌ ๐๐ก๐ข๐ฌ ๐๐๐๐ค โ ๐๐ซ๐ข๐๐ ๐๐ฎ๐ฆ๐ฉ ๐จ๐ซ ๐๐ฎ๐ฆ๐ฉ ๐๐ก๐๐๐?
๐จ More than $100 million worth of tokens are set to unlock before June 30 โ and traders are watching closely for big moves.
โฌ โก๏ธ Ethena (ENA) Leads the Pack
Ethena will unlock $25M in ENA tokens, the largest single release this week.
Depending on how holders react, the price may dip (due to sell pressure) or stay stable if buyers absorb the supply.
โฌ โก๏ธ OP, GRASS, KMNO, and PRIME Combine for $40M+
๐ฆ These unlocks cover a wide range of sectors:
Optimism (OP): Layer-2 token with strong community and DeFi presence
Kamino (KMNO): DeFi liquidity player
Grass (GRASS): Data economy token
Echelon Prime (PRIME): GameFi project
All could face price pressure if tokens are sold immediately upon unlock.
โฌ โก๏ธ What Are Token Unlocks Anyway?
Theyโre scheduled releases of locked tokens โ often given to early backers, teams, or contributors. These are normal parts of a projectโs roadmap, but large releases can impact price due to sudden increases in supply.
โฌ โก๏ธ Dump or Opportunity? Depends on Reaction
Big unlocks often trigger short-term volatility, but not always a crash.
If ecosystem demand stays strong or tokens are used for staking/incentives, price can hold or even rise.
๐ Bottom Line:
This weekโs unlocks could test market strength โ and smart traders will watch how recipients behave, not just the size of the unlocks.