In the first week of November, three major encryption projects will unlock over 300 million Tokens: ENA, MEME, and MOVE supply will surge.

In the first week of November 2025, the crypto market will witness a large token unlock worth over $312 million. Among them, the three major projects Ethena (ENA), Memecoin (MEME), and Movement (MOVE) will release a significant amount of new token supply. Ethena (ENA) will unlock 171.88 million tokens (worth $61.5 million) on November 5, Memecoin (MEME) will unlock 3.45 billion tokens (worth $5.15 million) on November 3, and Movement (MOVE) will unlock 50 million tokens (worth $3.2 million) on November 9. Token unlocks typically increase price fluctuation, and traders should prepare in advance.

Ethena (ENA): Core contributors and investors receive large unlocks

As a decentralized synthetic dollar protocol, Ethena's governance token ENA will welcome an important supply release, mainly allocated to internal participants.

• Unlock time: November 5.
• Unlocked amount: 171.88 million ENA, accounting for 1.15% of the total supply, valued at approximately 61.54 million USD, accounting for 2.52% of the current circulating supply.
• Allocation direction: This batch of tokens will be allocated to core contributors (93.75 million) and investors (78.13 million).
• Unlocking Mode: This release follows the network's “Cliff Unlock” model.
• Project Background: Ethena provides a crypto-native alternative to traditional stablecoins, USDe, while ENA is its governance Token.

Memecoin (MEME): Airdrop-specific supply release, circulation volume increase is significant.

As a community-driven MEME Token, the entire unlocking of Memecoin this time is used for airdrops, and the dilution effect on the market circulation is worth paying attention to.

• Unlock time: November 3.
• Unlocking quantity: 3.45 billion MEME, accounting for 5% of the total supply, valued at approximately 5.15 million USD.
• Circulation Impact: This unlock accounts for approximately 5.98% of the released supply, significantly increasing the current circulation.
• Allocation Direction: The entire unlocked supply will be retained by the team for airdrops.

Movement (MOVE): The ecosystem and community receive all unlocked Tokens

Movement is a blockchain ecosystem built using Meta's Move programming language, and the unlocking of its token MOVE will be fully used for ecological development.

• Unlock time: November 9.
• Unlocking Amount: 50 million MOVE, accounting for 0.5% of the total supply, valued at approximately 3.2 million US dollars.
• Circulation Impact: 1.89% of the current circulating supply.
• Allocation direction: All unlocked Tokens will be allocated to the ecosystem and community.

Token Unlock Risk Analysis and Trading Strategies

Token unlock is an important fundamental event in the crypto market, as it directly increases the circulating supply in the market, which may lead to selling pressure and price fluctuation.

• Selling risk: For ENA, since investors and core contributors have obtained most of the unlocked tokens, they have the incentive to sell for profit or reinvest, so the selling pressure risk is relatively high.
• Airdrop Impact: Although the airdrop of MEME has increased the circulating supply, the short-term selling pressure will depend on the strategies of the airdrop recipients.
• Long-term impact: MOVE allocates tokens to the ecosystem and community, which is often intended to incentivize long-term development. Short-term selling pressure may be lower than the unlocking allocated to investors.

Conclusion

In the first week of November, the unlocking of over $300 million in Tokens will bring significant supply shocks and price Fluctuation to the crypto market. In particular, the unlocking of investors and contributors of Ethena (ENA) may require traders to closely monitor its price behavior. The Token unlocking event requires investors to carefully assess the potential selling pressure that may arise in the short term and adjust their risk exposure and position management accordingly.

Disclaimer: This article is for informational purposes only and does not constitute any investment advice. The crypto market is highly volatile, and investors should make cautious decisions.