$1.3 billion ENA token unlock schedule leads crypto unlocks this week

The cryptocurrency market faces a supply increase over the next week as more than $1.3 billion worth of token unlocks are scheduled for unlock across 22 projects.

According to data compiled from Tokenomist, $ENA stands out as the week’s dominant unlock event according to the Ethena vesting period calendar. This single event accounts for roughly 70% of all tokens scheduled for unlock during the period from March 3 to March 10

Ethena leads cliff token unlocks with $932.42 million

Ethena ($ENA) will unlock 2.07 billion tokens valued at $932.42 million. This unlock accounts for 66.19% of $ENA circulating supply.

MOVE follows as a distant second with 50 million tokens valued at approximately $24.76 million, making up just 2.08% of its circulating supply. STIK will release 3.07 million tokens worth $16.88 million.

KAS ranks fourth among cliff unlocks with 162.35 million tokens valued at $13.84 million. The project is adding a relatively modest 0.63% to its circulating supply. NEON’s unlock appears more substantial in relative terms, with 53.91 million tokens worth $8.92 million accounting for 22.51% of its circulating supply.

Rounding out the major cliff unlocks, IOTA will release 23.78 million tokens valued at $5.90 million, which is 0.65% of its circulating supply.

Solana leads linear token unlocks with $79.93 million

While cliff-style unlocks make up the week’s largest single events, linear vesting schedules across various projects will release tokens valued at approximately $321 million. $SOL heads this category with a small token count of 465,770 $SOL but a substantial value of $79.93 million.

Token unlock schedule for the week between March 3 and March 10, 2025. Source: Wu Blockchain

WLD follows with 37.23 million tokens valued at $45.04 million, accounting for 3.47% of its circulating supply. TIA will release 6.99 million tokens worth $27.35 million (1.30% of supply), while DOGE’s linear unlock will introduce 96.52 million tokens valued at $21.93 million.

Other notable linear unlocks include OM at $20.12 million (0.27% of supply), TAO at $17.27 million (0.60% of supply), and AVAX at $16.97 million (0.17% of supply).

Mid-tier and smaller project unlock

Beyond the largest unlocks, several mid-tier projects will also release tokens worth between $7 million and $15 million each. IP will unlock 2.32 million tokens valued at $14.68 million (0.90% of supply), while DOT’s unlock of 2.30 million tokens is worth approximately $11.72 million.

SUI and JTO follow closely with unlocks valued at $11.50 million and $11.18 million respectively. NEAR will release 2.97 million tokens worth $10.05 million (0.25% of supply).

Token unlock schedule for WazirX (WRX) and other tokens during the week between March 3 and March 10, 2025. Source: Coinmarketcap

Smaller unlocks are FIL ($8.84 million), BERA ($8.07 million), ENS ($7.11 million), and SEI ($7.04 million). CoinMarketCap data reveals mixed price performance among projects that anticipate unlocks. WazirX (WRX) and VaporFund (VPR) both record small gains of 0.08% over the last 24 hours, while Sleepless AI (AI) has lost 0.18%. Trailblaze (XBLAZE) has lost a bigger 1.13%, but Stella Fantasy (SFTY) has gained 1.25%.

Projects such as Sleepless AI with a market cap of $66.46 million can see more volatility from unlock events than smaller-cap projects such as VaporFund ($54,034) or larger projects with higher liquidity. Token unlocks in smaller projects can cause disproportionate price action because of the limited market depth and trading volume.