#Two encryption projects unlock tokens#
Hot Topic Overview
Overview
Two crypto projects, STRK and ENA, have unlocked tokens today, unlocking approximately 64 million and 12.86 million tokens, respectively, worth approximately $27.38 million and $10.59 million, representing 0.64% and 0.086% of their total supply, respectively. After the unlocked tokens flow into the market, there may be a tendency for selling, and investors should pay attention to the market fluctuations after the token unlock.
Ace Hot Topic Analysis
Analysis
Today, two crypto projects, STRK and ENA, underwent token unlocks. STRK unlocked approximately 64 million tokens, worth about $27.38 million, representing 0.64% of the total supply. The current circulating supply is 1.36 billion tokens, with a total supply of 10 billion tokens. ENA unlocked approximately 12.86 million tokens, worth about $10.59 million, representing 0.086% of the total supply. The current circulating supply is 2.08 billion tokens, with a total supply of 15 billion tokens. Token unlocks mean that these tokens will be released into the market, allowing holders to freely trade them. As the unlocked tokens could be dumped, this could potentially negatively impact the token prices. Therefore, investors holding STRK and ENA need to closely monitor the market movements after the token unlocks and prepare for potential price fluctuations.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Token unlocks may cause the token price to decline as unlocked tokens may be dumped into the market.
Token unlocks are a normal phenomenon in the development of crypto projects, and investors need to pay attention to changes in the market after the unlock.
The unlock ratios for STRK and ENA are 0.64% and 0.086% of the total supply, respectively, and the impact on the market may be limited.
Investors need to pay attention to the changes in market liquidity after the token unlock, as well as the project team's subsequent plans for the token unlock.