$389M Token Unlock Looms: Which Coins Are at Risk?

Yeliz Akmaca — Tue, 06 May 2025 16:00:45 +0000

Between May 5-12, 2025, a token unlock worth over $389 million is set to take place. During this period, unlocks from major projects like LAYER, ENA, and SOL are drawing investors’ attention.

Token unlocks directly introduce supply to the market and impact prices. Project teams and early investors offload these tokens, and such sales, especially in low-liquidity markets, can trigger sudden price drops.

Highlighted Token Unlocks

LAYER (Solayer): 27 million tokens, valued at approximately $86.73 million, accounting for 13% of the total supply.
ENA (Ethena): 171.88 million tokens, worth about $49.52 million, representing 3.1% of the total supply. For instance, on October 2, 2024, the team and investors unlocked 428.38 million ENA tokens, releasing them into the market and adding 22.5% of the total supply to circulation, valued at roughly $165 million. On December 25, 2024, project owners introduced an additional 12.86 million ENA tokens to the market.
SPEC (Spectral): 10 million tokens, valued at approximately $21.3 million, comprising 48.5% of the total supply.
MOVE (Movement): 50 million tokens, worth about $8.45 million, representing 2% of the total supply.

Linear Unlocks

Solana (SOL): 465,770 tokens, valued at approximately $67.27 million.
Worldcoin (WLD): 37.23 million tokens, worth about $5.11 million.
Polkadot (DOT), SUI, AVAX, DOGE: Each will unlock over $1 million daily. Dogecoin (DOGE) is also on the unlock list, with 96.5 million tokens worth over $16 million gradually released throughout the week.

The Donald Trump-linked $TRUMP meme coin will unlock tokens worth $5.49 million daily over the next seven days. This development has raised eyebrows, following claims that the team moved a significant portion of the token supply to centralized crypto exchanges, with some labeling it a potential pump-and-dump scheme.

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The post $389M Token Unlock Looms: Which Coins Are at Risk? appeared first on Coin Engineer.

Bithumb and Upbit List Solayer (LAYER)

Tanju Akbıyık — Tue, 11 Feb 2025 08:00:20 +0000

Solayer (LAYER), the Solana-based re-staking network, is listed on Bithumb and Upbit, two leading cryptocurrency exchanges in South Korea. Both exchanges will open deposits for the LAYER token on February 11, 2025. However, for trading dates, exchanges will make a separate announcement after liquidity is provided.

Bithumb LAYER Listing Details

Bithumb announced that it will list the LAYER token with the KRW trading pair. The token can only be deposited through the Solana network, and investments from other networks will not be supported.

Deposits and withdrawals: will be active as of February 11, 2025, 21:00 (KST).
Trade opening: To be announced once liquidity is secured.
Block confirmation: 20 block confirmations will be required.
Price: Not yet set.

Trade Restrictions:

Buying will be limited during the first 5 minutes.
During the first 5 minutes, sell orders cannot be placed at levels 10% below and 100% above the reference price.
Automatic orders will be active after the first trade is completed.

Upbit LAYER Listing Details

Upbit will support LAYER trading on KRW, BTC and USDT pairs.

Deposits will be available starting February 11, 2025 at 21:00 (KST).
Trade opening: To be announced once liquidity is established.
Price determination: To be finalized after the reference price is set on CoinMarketCap.

Trade Restrictions:

Buy orders will be blocked for the first 5 minutes.
Only limit orders will be available for the first 1 hour.
A separate announcement will be made by the exchange for the minimum selling price.

Security and Investor Alerts:

The LAYER token can only be deposited and withdrawn through the Solana network.
Transfers from unauthorized and unsupported exchanges will not be processed.
It was emphasized that the cryptocurrency market is highly volatile and investors should act with their own responsibility.

LAYER stands out as a project that increases network efficiency by using the restaking model in the Solana ecosystem. Investors who want to learn more about the token can check Solayer’s official website and technical documents.