$705 Million in Token Unlocks Scheduled for November, Led by Ethena
Over $705.8 million in tokens are scheduled for release in November, as reported by Tokenomist.ai. Key highlights include:
- Ethena unlock valued at $57.56 million, following increased investor interest after October's volatility.
- The USDe stablecoin briefly depegged on Binance on Oct. 10, causing ENA to drop over 20% before Binance's $400 million reimbursement fund announcement.
- ENA price reached a high of $0.52 with an 8% gain in the past 24 hours, indicating limited short-term selling pressure and growing adoption in DeFi.
- Aptos set for a $30.31 million unlock, about 1.6% of its circulating supply, with an 8% price recovery but declining trading volume.
- Additional major unlocks include Linea ($35.71 million) and LAYER ($5.67 million), contributing to the $705.8 million liquidity influx this week.
Investors are turning to secure storage solutions like Best Wallet, which has raised over $16.5 million in its ongoing presale, offering features for asset management and yield optimization.