$ENA Token unlocks, one of the biggest drivers of volatility in the cryptocurrency market, are back on investors' agenda! August 2025 will be a month of significant market volatility, with a total of $450 million worth of tokens to be unlocked. This pressure on the circulating supply could lead to sharp price movements in some altcoins.

📉 Investors Beware: Projects Expected to Have the Biggest Impact

According to Tokenomist data, Kaito (KAITO) will experience the largest unlocks relative to the circulating supply. However, the project with the potential to have the most significant impact in dollar terms is Ethena (ENA). Both projects could experience significant selling pressure