One-week token unlock: ENA unlocks approximately $50 million worth of tokens

A total of 6 tokens were unlocked this week, among which only ENA, MOVE, and MOCA had relatively high unlocking ratios.

Ethena

Project Twitter: https://x.com/ethena_labs

Project website: https://www.ethena.fi/

Number of tokens unlocked this time: 172 million

Amount unlocked this time: Approximately 50.37 million US dollars

The algorithmic stablecoin USDe launched by Ethena Labs currently relies on collateral BTC, stETH and its inherent income, while creating short positions in Bitcoin and ETH to balance Delta and use perpetual/futures funding rates to maintain anchoring and provide income. That is, using the income from spot to hedge the loss of one short order to achieve a balance, but you can harvest ETH pledge income and short order funding rates.

There are two types of ENA unlocking objects in this round, namely 93.75 million ENA core contributors, worth about 27.27 million US dollars; and 78.13 million ENA investors, worth 22.72 million US dollars.

The specific release curve is as follows:

Movement

Project Twitter: https://x.com/movementlabsxyz

Project website: https://movementlabs.xyz/

Number of unlocked tokens this time: 50.06 million

Amount unlocked this time: Approximately 8.46 million US dollars

Movement is a modular framework for building and deploying Move-based infrastructure, applications, and blockchains in any distributed environment. The first version, M 1, redefines L1 as a vertically composable and horizontally scalable layer 1 framework that is compatible with Solidity, connects EVM and Move liquidity, and allows builders to customize modular and interoperable application chains with different user bases and liquidity out of the box.

In this round of MOVE unlocking, there is only one type of object, “Ecology and Community”. The current circulation ratio is 25%, so the unlocking ratio is relatively high.

The specific release curve is as follows:

This article is sourced from the internet: One-week token unlock: ENA unlocks approximately $50 million worth of tokens

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