Haciyev Reşit 
In the cryptocurrency market, token unlocks are among the critical developments closely monitored by investors due to their impact on price movements and supply–demand dynamics. The release of previously locked tokens into circulation can lead to short-term selling pressure, increased liquidity, and sudden price volatility. For this reason, token unlock calendars are considered an important analytical indicator for both retail and institutional investors. Between February 2–8, a significant amount of tokens will be unlocked across several crypto projects, most notably ENA, IOTA, XDC, HYPE, and AXS.
What Is a Token Unlock and Why Is It Important?
A token unlock refers to the gradual or one-time release of previously locked crypto assets into the market according to a predetermined schedule. This mechanism is implemented to ensure the long-term sustainability of projects and to prevent sudden selling pressure. Locked tokens are typically allocated to the project team, early investors, advisors, ecosystem funds, and staking rewards. Since token unlocks increase the circulating supply, they have the potential to create short-term downward pressure on prices. However, the magnitude of this effect can vary depending on the amount of tokens unlocked, their proportion of the total supply, market conditions, and investor expectations. In some cases, since the unlock schedule has already been disclosed publicly, the market may have priced in this development in advance, resulting in limited volatility.
Tokens Unlocking Between February 2–8
The notable token unlocks for this week are as follows:
- ENA: On February 2, approximately $5.55 million worth of ENA tokens will enter circulation, corresponding to 0.55% of the total supply.
- IOTA: On February 4, IOTA tokens worth about $881,000 will be unlocked. This represents 0.33% of the supply and may have a limited impact.
- XDC: Also on the same day, the XDC token unlock stands out. Tokens worth approximately $30.55 million will be released, accounting for 5% of the total supply.
- HYPE: A token unlock worth around $304.84 million is planned. With a ratio of 2.79%, this is one of the largest unlocks of the week.
- AXS: On February 6, AXS tokens worth $1.12 million will enter circulation, representing 0.24% of the supply.
Assessment
The token unlocks scheduled for the week of February 2–8 may lead to short-term price movements, particularly for projects with higher unlock ratios such as XDC and HYPE. The new supply entering the market during this period could increase volatility. Investors should closely monitor supply growth, trading volume, and overall market sentiment. Token unlock schedules continue to serve as a critical indicator for risk management and strategic positioning.
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