This week, tokens such as ENA, MEME, and MOVE will undergo large-scale unlocks.

This week, the cryptocurrency market will experience several major token unlock events involving ENA, MEME, and MOVE. Token unlocks are significant on-chain events that often trigger price and liquidity fluctuations as previously locked tokens become tradable. Among these, ENA has become the focus this week due to its large unlock scale and potential impact on market sentiment.

ENA — Unlock Schedule, Value, and Market Background

• Unlock Date: November 5, 2025, 15:00 (UTC+8)
• Unlock Quantity: approximately 172 million ENA, about 2.5% of circulating supply
• Estimated Value: approximately $64 million to $67 million, based on current market prices
• Significance: One of the largest unlocks in scale and market cap this week

ENA’s unlock will be closely watched by traders and investors, as it will be a notable liquidity event. The specific impact depends on how quickly the new tokens enter the market and may lead to price adjustments.

Potential Market Impact of ENA Unlock

1. Supply Pressure:
A large-scale unlock could lead to additional selling pressure, especially once tokens allocated to early investors or the team become tradable. If these tokens flood the market quickly, short-term volatility may increase.

2. Liquidity Rebalancing:
Unlocks often cause a temporary imbalance in supply and demand. Traders will monitor whether the market can absorb the new tokens without significant price drops.

3. Market Sentiment:
If the unlock process proceeds smoothly and ENA’s price remains stable, it can boost confidence in the project’s fundamentals and attract new buyers seeking long-term holdings.

ENA Price Trends — Focus on Gate

On Gate, traders can track ENA’s market performance in real time through the ENA/USDT trading pair. Key indicators to watch during the unlock period include:

• Price Range: Focus on critical support and resistance levels between $0.50 and $0.55 during the unlock window
• Volume Dynamics: Sudden spikes in volume may indicate active participation by large investors or market makers
• Volatility Patterns: During large unlocks, short-term price fluctuations can be frequent. Gate’s advanced chart tools can precisely track intraday movements

Trading Reminder: It is recommended to use limit orders and price alerts on Gate to manage entries and exits effectively. Avoid impulsive reactions to initial price swings; wait for the market to stabilize before making decisions.

MEME and MOVE — Other Unlocks to Watch This Week

While ENA is the highlight, MEME and MOVE will also experience large unlocks this week, further increasing overall market activity.

Multiple unlock events stacking together may collectively influence market liquidity and risk appetite, prompting traders to rotate funds among high-volatility tokens.

Possible Market Scenarios for ENA Unlock

1. Neutral Market Response:
If unlock recipients choose to hold or stake tokens, selling pressure may be limited, and ENA could fluctuate within its current range.

2. Short-term Dumping:
If early investors or institutions sell off en masse, the price might break below short-term support levels, but subsequent buying interest could lead to a quick rebound.

3. Bullish Absorption:
If liquidity is sufficient and buy orders effectively absorb selling pressure, ENA could rebound rapidly after the unlock, potentially reaching new short-term highs.

Gate Trader Strategy Recommendations

• Spot Traders: If bullish on ENA’s long-term fundamentals, consider dollar-cost averaging. The volatility during unlock may present ideal entry opportunities.
• Short-term Traders: Focus on breakout movements with high volume after the unlock, trading only when trend confirmation occurs, and set strict stop-loss orders.
• Risk Management: Trades related to unlock events should only constitute a small part of your portfolio. Sudden volatility can cause 10–20% price changes within minutes.

Post-Unlock Outlook for ENA

Following this week’s events, ENA will continue monthly unlocks through December and beyond. The long-term price trend will depend on:

• Token Distribution: The speed of new tokens entering circulation and being sold
• Protocol Progress: Whether new products are launched or staking incentives are introduced
• Market Sentiment: Overall demand for synthetic assets and stable yield protocols, which are core to the ENA ecosystem

If the market’s capacity to absorb new supply improves and user growth remains healthy, the impact of subsequent unlocks is expected to diminish gradually—similar to what was observed during initial unlock phases of other major tokens.

MEME and MOVE — Market Focus

• MEME: Despite high unlock quantities, its market cap is smaller compared to ENA, resulting in thinner liquidity and potentially more volatile price swings.
• MOVE: Moderate supply release and lower market cap suggest less volatility, but speculative trading during unlock periods can still intensify.

Conclusion: Focus on ENA Market Dynamics

Among this week’s unlock schedule, Ethena (ENA) is undoubtedly the most influential event, with over $60 million worth of tokens entering the market. Such events test market liquidity depth and reflect market sentiment—if traders stay disciplined, opportunities can be seized.

On Gate, users can leverage real-time data, price alerts, and chart analysis to stay informed about ENA’s performance and make rational decisions. Whether the market dips or rebounds, Gate offers professional tools and ample liquidity to help you navigate volatility with confidence.

As ENA continues its long-term development path, understanding the impact of token unlocks will be key to capturing future opportunities in the DeFi space.