Upcoming Token Unlocks: Key Events to Watch Next Week
Token unlocking is the release of previously frozen tokens based on the fundraising situation. Projects carefully schedule these releases to avoid market pressure and prevent the token price from falling. However, factors like lack of liquidity or profit-taking by early investors can impact the asset dynamics. Here are the four main token unlocks to watch next week.
Pixel
- Unlock Date: August 19
- Number of Unlocked Tokens: 54.37 million pixels
- Current Circulation: 771.04 million PIXEL
Pixel is a multiplayer game on the Ronin blockchain utilizing Pixel tokens for in-game currency and community governance. On August 19, 54 million Pixel tokens will be distributed to advisors, project libraries, and ecosystem rewards.
Avalanche(AVAX)
- Unlock Date: August 19
- Number of Unlocked Tokens: 9.54 million AVAX
- Current Circulation: 395.36 million AVAX
Avalanche is a high-performance decentralized blockchain platform allowing developers to create and deploy dApps and custom blockchain networks. On August 19, the project will unlock 9.54 million AVAX tokens worth around $200 million, affecting asset prices.
Space ID (ID)
- Unlock Date: August 22
- Number of Unlocked Tokens: 18.49 million IDs
- Current Circulation: 430 million IDs
Space ID is a universal decentralized identity protocol connecting people, assets, and dApps across multiple blockchains. On August 22, over 18 million ID tokens will be unlocked and distributed to the Space ID Foundation, ecological funds, and communities.
ENA
- Unlock Date: August 25
- Number of Unlocked Tokens: 14.89 million ENA
- Current Circulation: 180 million ENA
ENA is a synthetic currency protocol on Ethereum providing native cryptocurrency solutions and offering USD-denominated savings instruments called “cyberbonds.” On August 25, approximately 15 million ENA will be unlocked for ecosystem development.
Next week’s Cliff Unlocks include Galce (GAL), Acala (ACA), and 1INCH, totaling over $230 million. Token unlocking, when strategically timed, can enhance a project’s long-term viability. Aligning unlocks with milestones and development progress can drive community engagement and grow the ecosystem.
