Bitcoin

ENA, JTO, and IMX Lead $147M in Token Unlocks This Week

The crypto market is bracing for a wave of token unlocks in the week of August 4 to August 10, 2025, and some of the biggest names on the list could create volatility for traders. CryptoRank.io highlighted the top 7 unlocks, with Ethena (ENA), Jito Labs (JTO), and Immutable (IMX) topping the chart in dollar value.

ENA Takes the Top Spot

Ethena (ENA) will see the largest unlock of the week, with 171.85 million tokens scheduled to unlock on August 5. This represents about 2.70% of its market cap, worth $101.87 million. ENA currently has a fully diluted market cap of $8.84 billion, and the new supply could test its price stability if traders decide to sell into the unlock.

Other Major Unlocks: JTO and IMX

  • Jito Labs (JTO) will unlock 11.31 million tokens on August 7, worth $19.07 million or 3.14% of its market cap. With a $1.69 billion FDV, this is the second-largest unlock by dollar value.
  • Immutable (IMX) follows with a $12.15 million unlock on August 8, accounting for 1.30% of its market cap. Interestingly, IMX has already released 95.1% of its supply, leaving very little locked for future emissions.

Smaller But Notable Unlocks

Other tokens set to unlock include:

  • Movement (MOVE) – $6.44M unlock on August 10 (0.50% supply)
  • Galxe (GAL) – $3.69M unlock on August 6 (2.59% supply)
  • Space and Time (SXT) – $2.18M unlock on August 9 (0.49% supply)
  • Sleepless AI (AI) – $2.05M unlock on August 5 (1.72% supply)

These may be smaller in dollar terms, but relative to their market caps, they could still spark short-term price moves, especially for low-liquidity tokens like AI and SXT.

Read also: Top Crypto Events to Watch This Week: Solana, ENA, and AI Tokens in Focus

Why Token Unlocks Matter

Token unlocks often trigger volatility because they increase the circulating supply, and early investors or team members may take profits once their tokens become liquid. In a choppy market, even moderate unlocks can add pressure to prices if demand doesn’t keep up.

With over $147 million worth of tokens set to hit the market next week, traders should watch for potential dips or opportunities in these projects – especially ENA, JTO, and IMX, which hold the largest unlock values.

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