More than $389 million worth of token unlocks are scheduled to hit the market in the digital asset space this week, causing anticipation of market impact.
Major token unlocks include Solayer (LAYER), Ethena (ENA), and Spectre (SPEC), releasing between $6 million and $86 million worth of tokens.
These unlocks lead to an abrupt increase in circulating supply, potentially triggering sell-offs from early investors looking to capitalize on profits.
Apart from one-time unlocks, there will be daily unlocks from projects like Solana (SOL), Worldcoin (WLD), TRUMP, and Dogecoin (DOGE), adding to the market activity.