$453 Million in Token Unlocks Set to Hit the Market This Week
The crypto market is bracing for over $453 million worth of token unlocks between September 1 and September 8, according to data compiled by Tokenomist.
These scheduled releases include both major cliff unlocks and linear daily unlocks, with several high-profile projects on the list.
Among the largest cliff unlocks, Ethereum Name Service (ENS) will release 212.5 million tokens valued at roughly $135.5 million, representing 3.35% of its supply.
Immutable X (IMX) will free up 24.5 million tokens worth $12.3 million, while ELX will unlock 55 million tokens, equivalent to 30.5% of supply and valued at $6.8 million.
Linear unlocks are also poised to impact a broad set of assets. Solana (SOL) leads the pack with 506,000…
