Ethena and EigenLayer are scheduled for significant token unlocks between December 1st and December 8th, 2025. These events are expected to release millions of dollars worth of tokens, potentially impacting market supply and leading to short-term price volatility.
The upcoming unlock events could result in temporary price fluctuations and influence overall market dynamics due to the substantial increase in circulating supply.
Scheduled Token Releases and Market Impact
Ethena and EigenLayer have major token unlocks planned for the first week of December 2025, a period that will see a significant influx of tokens based on pre-announced vesting schedules.
Ethena is set to unlock approximately $52.6 million worth of its ENA tokens, which will increase its circulating supply by 3.04%. Concurrently, EigenLayer will release $19.5 million in EIGEN tokens, leading to a notable 10.79% increase in its circulating supply. These substantial releases are anticipated to affect market dynamics.
The increased supply from these token unlocks is expected to create temporary price volatility. Despite this, institutional interest in both projects remains strong, fueled by Ethena's rapid growth in synthetic dollars and EigenLayer's increasing demand for restaking services.
These events may lead to short-term price dips, which could also present potential entry points for investors. Market analysts suggest that significant token unlocks historically lead to temporary price declines followed by periods of recovery, offering potential opportunities for long-term investors. These scheduled releases are part of structured liquidity plans designed to promote community transparency.
The impact of these unlocks is likely to be observed across the broader cryptocurrency markets, with potential effects on DeFi and Layer 1 tokens. Past unlocks of similar magnitude have historically prompted comparable market reactions, often accompanied by increased trading volumes on various exchanges.
Experts emphasize the importance of these unlocks, noting that structured releases are integral to long-term growth strategies for these projects. The continued interest in Ethena and EigenLayer suggests underlying strength in their core fundamentals, even with the anticipated short-term fluctuations associated with these token injections.