$ENA Token Unlocks Explode in August 2025: $450 Million Unlocked in 12 Altcoins!

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 set to be unlocked. This pressure on circulating supply may 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 circulating supply. However, the project that may have the biggest impact in dollar terms is Ethena (ENA). Both projects may face significant selling pressure.

🧨 Here are the most discussed unlocks in August:

🔹 1. Ethena (#ENA) – August 5

Amount to unlock: 171.88 million ENA

Dollar value: $104 million

Circulating supply: 2.70%

💥 The largest unlock of the month! Ethena investors should be cautious as this large increase in supply may create selling pressure.