Major Crypto Token Unlocks to Release Over $120M in Late August 2025
The cryptocurrency market is bracing for a significant wave of token unlocks in late August 2025, with Ethena (ENA), Immutable (IMX), and several other tokens set to release large portions of their circulating supply. The unlocks, beginning on August 2 for Ethena and August 9 for IMX, are expected to release over $120 million worth of tokens into the market, potentially affecting liquidity and price stability. Specifically, the Ethena unlock will release 0.64% of its supply, valued at approximately $23.36 million, while the IMX unlock will release 1.3% of its supply [1].
These events come amid broader market concerns, as the crypto market has seen a 2.73% drop in total market capitalization within a 24-hour period [3]. Investors are…
