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Over $46 million worth of tokens to be unlocked this week

Over $46 million worth of tokens to be unlocked this week

HappyCoinNewsHappyCoinNews2024/11/05 11:44
By:HappyCoinNews

In the week from November 4 to November 10, as a result of unlocks, tokens worth more than $46,34 million will enter the crypto market. Smart contract platform based on Solana Neon EVM (NEON) will issue the largest number of coins, with a slightly smaller number released to users Cardano (ADA), Xai (XAI), Ethena (ENA), EigenLayer (EIGEN) and hashflow (HFT).

According to Tokenomist, over $20,85 million in NEON (44,92% of the circulating supply) will be unlocked on November 7. NEON is currently trading at $0,3767, down 3,73% in the last 24 hours and 90,26% from its all-time high of $3,86.

As for ADA, in this case, $6,32 million worth of tokens will enter the market (November 6), XAI will withdraw crypto assets worth $7,14 million (November 9), which is 0,05% and 4,90% of their circulating stocks.

ADA is currently trading at $0,332 with a daily loss of 3,22%, which is 89,28% below its all-time high of $3,10. XAI is trading at $0,1769 with a daily loss of 3,83%, which is 88,92% below its all-time high of $1,60.

In addition to these major unlocks, on November 5th, the EIGEN crypto project will unlock 0,69% of its circulating supply worth $3,57, and a day later, 0,47% of ENA's circulating supply worth $4,73 million will hit the market.

According to CoinMarketCap, ENA is trading at $0,3389, down 8% on the day, putting the token 77,66% below its all-time high of $1,52. HFT is valued at $0,1164, down 0,93% from its all-time high of $2,58; while EIGEN is trading at $2,37, up 24% over the last 2 hours, narrowing the gap from ATH on 47,62%.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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