Major Crypto Token Unlocks Scheduled for Next Week
- ENA and SPEC leading upcoming token unlocks.
- Potential price volatility expected.
- Total value of $81.9M tokens affected.
The upcoming token unlock could impact trader strategies and market liquidity due to the sheer volume of tokens being released.
Major Cryptocurrency Tokens
Major cryptocurrency tokens are set for release next week, with Ethena (ENA) and SPEC leading the charge. On May 5, 2025, $55.79 million worth of ENA tokens will unlock, potentially affecting price stability. The following day, SPEC will release $15.42 million worth, constituting a significant 42.5% of its circulating supply. The market anticipates volatility due to increased supply; this week’s events are part of a $4.4 billion trend in May 2025.
Traders and analysts are closely monitoring these unlocks. Realized supply hikes might trigger selling pressure if founding teams divest large quantities of tokens. ENA’s earlier $1.3 billion unlock in March referenced historical precedence for these activities.
Potential Risks and Long-Term Impacts
Tokenomist and industry experts note that SPEC’s unlock represents a substantial risk for market volatility. The releases might introduce brief fluctuations, but long-term impacts may hinge on broader market sentiments. Data from these cases suggest varying outcomes based on the specific conditions of each unlock.
Tokenomist, Leading Blockchain Analytics Firm: “Notable unlocks by size and % of circ. supply: • $ENA – $55.79M (3.1%) • $SPEC – $15.42M (42.5%).” Tokenomist
