Tokens such as RED, HYPE, and ENA will face large unlocks next week
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According to Token Unlocks data, tokens such as RED, HYPE, and ENA will undergo significant unlocks next week: RedStone (RED) will unlock approximately 40.85 million tokens at midnight (UTC+8) on March 7, accounting for 16.13% of the current circulating supply, with a value of about $6.2 million; Hyperliquid (HYPE) will unlock approximately 173,000 tokens at 8:00 AM (UTC+8) on March 6, accounting for 0.04% of the current circulating supply, valued at about $5.4 million; Ethena (ENA) will unlock approximately 40.63 million tokens at 3:00 PM (UTC+8) on March 2, accounting for 0.53% of the current circulating supply, valued at about $4.3 million; Optimism (OP) will unlock approximately 19.5 million tokens at 8:00 AM (UTC+8) on March 7, accounting for 0.98% of the current circulating supply, valued at about $2.4 million.
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