This week marks significant token unlocks for several cryptocurrencies, including RED, HYPE, and ENA. RED is set to unlock 40.85 million tokens on March 7, valued at approximately $6.04 million, which constitutes 16.13% of its circulating supply. HYPE will unlock 173,000 tokens on March 6, valued at $5.54 million, representing 0.04% of its circulating supply, despite an earlier announcement of a larger unlock. ENA will release 40.63 million tokens on March 2, valued at $4.21 million, accounting for 0.53% of its circulating supply.
Additionally, OP will unlock 19.5 million tokens on March 7, valued at $2.38 million, representing 0.98% of its circulating supply. W is also scheduled to unlock 50.41 million tokens on March 7, valued at $926,000, which is 0.92% of its circulating supply. These unlocks are expected to impact the market dynamics for these tokens.
Major Token Unlocks for RED, HYPE, and ENA This Week
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