Pintu News – The crypto market is bracing for a massive token lockdown of over $389 million in the next week.

output: Tokens to watch next week as they are expected to experience a significant increase in circulating supply, which could add volatility to the crypto market.

ENA will be releasing 171.88 million tokens, adding up to $49.52 million, a 3.1% increase in its total supply.

As a new DeFi project that has gained attention recently, ENA might experience sharper price movements compared to other projects.

Another token to watch is SPEC, with the largest relative lockdown at 48.5% of its total supply.

A total of 300 million SPEC tokens will be locked up, returning to the circulating supply and likely affecting liquidity.

With almost half of its tokens in circulation, SPEC might face high volatility and possibilities of selling pressure.

MOVE, the native token of fitness and lifestyle project MoveZ, is about to lock in 50 million tokens, making up 0.8% of its total supply.

This sudden spike of 49.6% in circulating supply could affect liquidity and short-term price action.

Analysts are also keeping an eye on Sui, as they anticipate heavy selling pressure with over 88 million SUI tokens being locked up.

This move will decrease the total circulating supply by 20%, which could affect the market price.

According to the pricing model, a 20% drop is expected in a bearish scenario.

However, if buyers manage to keep the price above $1.6, there might be potential for recovery.

Ahead of the lockdown window, sentiment remains mixed, with an analyst noting that SPEC and NEON are experiencing increased selling pressure.

Despite being oversold, KAS still carries risks due to potential selling pressure from recent IDO contributors.

Moreover, volume across the board is thinning, suggesting that traders may be preparing for the lockdown, making a sudden move more likely if panic selling ensues.

To stay updated on these assets, traders can monitor wallet activity closely, assess social sentiment, and analyze order book depth across these assets.

Tokenomics dashboards like TokenUnlocks and Tokenomist can help in tracking the data in real-time.input: Jakarta, Pintu News – 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.

Check out the full news here!

Tokens to Watch: SPEC, ENA, MOVE

Ethena (ENA) will be releasing 171.88 million tokens, adding up to $49.52 million, a 3.1% increase in its total supply.

This move will also see 1.47% of ENA’s total supply, valued at $10.45 million, return to circulating supply.

As a new DeFi project that has gained attention recently, ENA might experience sharper price movements compared to other projects.

Another token to watch is Spectrum (SPEC), with the largest relative lockdown at 48.5% of its total supply.

A total of 300 million SPEC tokens will be locked up, returning to the circulating supply and likely affecting liquidity.

With almost half of its tokens in circulation, SPEC might face high volatility and possibilities of 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, adding up to $8.45 million.

This sudden spike of 49.6% in circulating supply could affect liquidity and short-term price action.

Analysts are also keeping an eye on Sui, as they anticipate heavy selling pressure with over 88 million SUI tokens being locked up.

This move will decrease the total circulating supply and could affect the market price.

According to the pricing model, a 20% drop is expected in a bearish scenario. However, if buyers manage to keep the price above $1.6, there might be potential for recovery.

Timing and Market Sentiment

Ahead of the lockdown window, sentiment remains mixed, with an analyst noting that SPEC and NEON are experiencing increased selling pressure.

Despite being oversold, KAS still carries risks due to potential selling pressure from recent IDO contributors.

Moreover, volume across the board is thinning, suggesting that traders may be preparing for the lockdown, making a sudden move more likely if panic selling ensues.

To stay updated on these assets, traders can monitor wallet activity closely, assess social sentiment, and analyze order book depth across these assets.

Tokenomics dashboards like TokenUnlocks and Tokenomist can help in tracking the data in real-time.output: Tokens to watch next week as they are expected to experience a significant increase in circulating supply, which could add volatility to the crypto market.

ENA will be releasing 171.88 million tokens, adding up