Crypto tokens worth $535.46 million will enter the market over the next seven days. Notably, three major ecosystems, Ethena (ENA), Immutable (IMX), and Movement (MOVE), will release significant new token supply into circulation in the first week of August.
The token unlocks will inject fresh liquidity into the market and can also trigger price swings and volatility. Here is a breakdown of what to watch for in each project.
1. Ethena (ENA)
- Unlock Date: August 05
- Number of Tokens to be Unlocked: 171.88 million ENA (1.15% of Total Supply)
- Current Circulating Supply: 6.3 billion ENA
- Total supply: 15 billion ENA
Ethena is a decentralized synthetic dollar protocol built on the Ethereum (ETH) blockchain. It offers a crypto-native alternative to traditional stablecoins. The protocol’s flagship product is USDe, a synthetic dollar stablecoin. Furthermore, ENA is the protocol’s governance token.
On August 5, the team will release 171.88 million ENA. The tokens are worth $104.82 million and account for 2.7% of the current circulating supply.
Ethena will award 93.75 million tokens to core contributors. Moreover, investors will receive 78.13 million ENA. This supply release follows the network’s pattern of cliff unlocks.
2. Immutable (IMX)
- Unlock Date: August 08
- Number of Tokens to be Unlocked: 24.52 million IMX (1.23% of Total Supply)
- Current Circulating Supply: 1.89 billion IMX
- Total supply: 2 billion IMX
Immutable X is a Layer 2 scaling solution built on Ethereum, designed for non-fungible tokens (NFTs). It enables gas-free transactions, supports ERC-721 and ERC-20 tokens, and offers high speeds (up to 9,000 TPS) using zero-knowledge proofs for security and scalability. Its native token, IMX, is used for governance and services on the platform.
The network will unlock 24.52 million IMX tokens on August 08, worth $12.36 million. This represents 1.30% of Immutable’s current circulating supply.
The team will allocate most of the tokens (16.56 million) towards project development. Moreover, Immutable will dedicate 7.96 million IMX to ecosystem development.
3. Movement (MOVE)
- Unlock Date: August 09
- Number of Tokens to be Unlocked: 50 million MOVE (0.5% of Total Supply)
- Current Circulating Supply: 2.65 billion MOVE
- Total supply: 10 billion MOVE
Movement Network is an L2 blockchain solution that uses the Move programming language. It utilizes advanced mechanisms to ensure robust interoperability and high security across its ecosystem.
The team will release 50 million tokens valued at around $6.51 million. The tokens represent 1.89% of the circulating supply, and the entire unlocked supply will go toward the ecosystem and community.
In addition to these three, BounceBit (BB), Delysium (AGI), and IOTA (IOTA) will also experience new supply entering the market. Overall, in August, the market will welcome tokens worth approximately $3 billion.
The post 3 Token Unlocks to Watch in the First Week of August 2025 appeared first on BeInCrypto.
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