Crypto Market Braces for Massive Token Lockdowns of Over $389M

The crypto market is bracing for a massive token lockdown of over $389 million in the next week. This significant increase in supply is expected to add volatility to an already volatile crypto market.

output: Tokens to Watch: SPEC, ENA, MOVE

Ethena

As a new DeFi project that has attracted a lot of attention, ENA will probably experience sharp price movements after this lockdown.

Spectrum

With almost half of its tokens in circulation, SPEC will likely face high volatility and possible selling pressure.

Other Projects of Interest: MOVE and Sui

MOVE, the native token of fitness and lifestyle project MoveZ, is about to lock in 50 million tokens worth $8.45 million. This sudden spike in circulating supply could affect liquidity and short-term price action.

Sui is also a concern for traders this week. Analysts expect heavy selling pressure with over 88 million Sui tokens worth $296 million to be locked up. The pricing model shows a possible 20% drop if the bearish scenario occurs.

Timing and Market Sentiment

Sentiment ahead of the lockdown window remains mixed. According to an analyst, SPEC and NEON are experiencing increased selling pressure, while KAS, although oversold, still carries risks.

Volume across the board is thinning, suggesting that traders may prepare for a lockdown, increasing the likelihood of a sudden move if panic selling begins.

Traders are advised to monitor wallet activity, assess social sentiment, and carefully analyze order book depth across these assets. Tokenomics dashboards such as TokenUnlocks and Tokenomist can help track data in real-time.

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