"Blockchain Bonanza: $100M in Tokens Unlock Next Week"

Next week, several prominent blockchain projects are set to unlock a significant number of tokens, which could potentially impact the market. Here's a summary of the upcoming token unlocks:

Ethena (ENA)

• Unlock date: January 29
• Number of tokens unlocked: 12.86 million ENA
• Current circulating supply: 3.03 billion ENA

Ethena, a synthetic currency protocol on Ethereum, is unlocking over 12 million ENA tokens, valued at $11 million, to fund ecosystem development.

Optimism (OP)

• Unlock date: January 31
• Number of tokens unlocked: 31.34 million OP
• Current circulating supply: 1.35 billion OP

Optimism, a Layer-2 scaling solution, is unlocking 31.34 million OP tokens, which will be distributed to core contributors and investors.

Sui (SUI)

• Unlock date: February 1
• Number of tokens unlocked: 64.19 million SUI
• Current circulating supply: 3 billion SUI

Sui, a high-performance Layer-1 blockchain, is unlocking 64.19 million SUI tokens allocated to Series A and B participants, the community reserve, and the Mysten Labs treasury.

ZetaChain (ZETA)

• Unlock date: February 1
• Number of tokens unlocked: 44.26 million ZETA
• Current circulating supply: 634.37 million ZETA

ZetaChain, a decentralized blockchain platform, is unlocking nearly 45 million ZETA tokens to fund initiatives such as a user growth pool, an ecosystem growth fund, core contributor rewards, advisory roles, and liquidity incentives.

dYdX (DYDX)

• Unlock date: February 1