Around $73 million worth of tokens are set to be unlocked between June 29 and July 5, with ENA, SUI, and EIGEN leading the way.
Frequently Asked Questions
Here is a list of FAQs about this weeks 73 million token unlock focusing on ENA SUI and EIGEN
BeginnerLevel Questions
Q What is a token unlock
A Its when tokens that were previously locked up are released and become available to trade or sell on the open market
Q Why does a token unlock matter to me
A A large unlock can increase the supply of tokens If the demand doesnt keep up the price can drop It can also create selling pressure or volatility
Q Which tokens are being unlocked this week for 73 million
A The three main ones are ENA SUI and EIGEN
Q Is a token unlock always bad for the price
A Not necessarily Sometimes the market has already priced in the unlock If the project has strong fundamentals or new buyers step in the price can stay stable or even go up
Q How much of the 73 million is from ENA SUI and EIGEN
A These three make up the majority ENA unlocks roughly 15M SUI around 27M and EIGEN about 11M plus other smaller unlocks add to the total
Intermediate Advanced Questions
Q Are these unlocks for investors the team or the community
A It varies For SUI a large portion goes to early backers and the Mysten Labs team For ENA it typically goes to ecosystem development and investors EIGEN unlocks often involve early contributors and strategic investors
Q Does the unlock schedule affect staking yields for SUI or EIGEN
A Indirectly yes If many people sell their unlocked tokens it can reduce the total value staked or lower the token price which affects the dollar value of your yield However the yield percentage itself is set by protocol rules
Q What is the cliff vs linear vesting in these unlocks