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

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

Ethena

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The 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 such as BTC and stETH, along with its inherent yield, while creating short positions in Bitcoin and ETH to balance Delta and utilize perpetual/futures funding rates to maintain the peg and provide yield. This means using the yield from spot to hedge the losses from a one-time short position to achieve balance, while still being able to harvest ETH staking yields and short funding rates.

This round of ENA unlock involves two categories of objects: core contributors with 93.75 million pieces, valued at approximately 27.27 million USD; and investors with 78.13 million pieces, valued at 22.72 million USD.

The specific release curve is as follows:

Movement

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Project official website:

The number of tokens unlocked this time: 50.06 million

Amount unlocked this time: approximately 8.46 million USD

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 first-layer framework that is compatible with Solidity, connects EVM and Move liquidity, and allows builders to customize modular and interoperable application chains out of the box with different user bases and liquidity.

MOVE This round of unlocking only has one type of object “Ecology and Community”, and the current circulation ratio is 25%, so the unlocking proportion is relatively high.

The specific release curve is as follows: