TL;DR:
- Ethena unlocks 171.88M tokens worth $63.05M, the week’s largest cliff event.
- Solana leads linear releases with $92.2M in tokens entering circulation.
- Smaller-cap tokens like Hyperbot and BONDEX may face stronger price swings.
The cryptocurrency market braces for heightened volatility this week as over $312 million worth of token unlocks are scheduled between November 3 and November 10. Leading the event-packed schedule are Ethena (ENA) and MEME, whose cliff unlocks could test investor sentiment across multiple projects.
Major Unlock Events Signal Rising Supply Pressure
Ethena’s $63 million release dominates this week’s unlock schedule. The project will unlock 171.88 million ENA tokens, marking the largest single value event in the period. The release follows a vesting schedule, gradually distributing tokens to early investors and team members. MEME follows with 3.45 billion tokens valued at $5.22 million, representing 5.98% of its total supply, adding further liquidity pressure. MOVE ranks third, unlocking 50 million tokens worth $3.37 million, while BounceBit (BB) and RED contribute $3.07 million and $1.78 million, respectively. Combined, ENA, MEME, MOVE, BB, RED, SXT, and MAVIA unlock approximately $78 million through cliff events.
Solana leads the linear unlock category with a $92.2 million release. The 493,730 SOL scheduled for release equals 0.09% of its circulating supply. TRUMP token follows with 4.89 million tokens worth $36.68 million, while Worldcoin (WLD) adds 37.23 million tokens valued at $30.84 million. Dogecoin (DOGE) contributes 96.74 million tokens worth $17.82 million, though this accounts for only 0.06% of its supply. AVAX, Astar, Bittensor, and Story Protocol follow with linear releases between $8 million and $13 million.
Smaller-cap tokens show significant progress in unlock schedules. Hyperbot (BOT) releases 18.53 million tokens worth $427,000, while BONDEX (BDXN) schedules nearly $637,000 in new supply. Sleepless AI and VaporFund also advance in their vesting progress, releasing smaller but impactful amounts relative to their liquidity. These projects may experience sharper price reactions due to their limited market depth.
