Key unlocks for several popular tokens are set to launch this week, influencing market dynamics significantly. Taiko (TAIKO) is expected to have the most impact due to its substantial unlock percentage.
Scheduled across June 2nd through 5th, these token releases—Ethena (ENA), Eigenlayer (EIGEN), and Taiko (TAIKO)—will increase circulating supplies dramatically.
While Ethena will release approximately 40.63 million tokens worth $12.5M on June 2nd, Eigenlayer is scheduled for a smaller unlock of ~1.29 million tokens valued at $1.7M on June 4th. However, Taiko is set to unlock the largest portion, releasing approximately 81.55 million tokens on June 5th worth ~$46.9M, significantly impacting its circulating supply and potentially affecting the market more than other projects.
These significant token releases could lead to immediate price volatility, particularly for Taiko. This increase in supply will likely affect related protocols in the Ethereum ecosystem as well as trigger potential price fluctuations. It’s important to watch for any market reactions from financial markets to these events.
The potential impact of these unlocks is significant, with wider implications on market activity and technological advancements within the space. Historical precedents suggest price volatility is a likely outcome for tokens with large unlock percentages, particularly those facing liquidity challenges.