Token unlocks release assets previously locked under fundraising agreements. These projects strategically schedule the events to reduce market pressure and stabilize prices.

Therefore, BeInCrypto has separated three major token unlocks that will take place this week.

Ethena (ENA)

Unlock Date: Wednesday, December 25th

Number of tokens unlocked: 12.86 million ENA

Current circulating supply: 2.93 billion ENA

Ethena, a synthetic currency protocol on Ethereum, offers a solution that is independent of the traditional banking system. It also offers global users a dollar-denominated savings tool called “Internet Bond.”