In the upcoming week, the cryptocurrency market will experience a wave of important token unlocks involving several well-known projects. These unlocking events may have a significant impact on the market, and investors should pay close attention.

First, the SPEC project will release approximately 3.62 million tokens on the morning of August 5, accounting for 17.57% of the current circulating supply, with a valuation of about 1.8 million USD. On the same afternoon, the ENA project will unlock up to 172 million tokens, which, although only accounting for 2.70% of its circulating supply, is valued at as much as 95.8 million USD, drawing market attention.

Next, the EIGEN and MAVIA projects will unlock their tokens on August 6th, early morning and in the morning, respectively. The unlock amount for EIGEN is relatively small, while the unlock amount for MAVIA will reach 23.03% of its circulation, which may put significant pressure on its price.

On August 8, the highly anticipated IMX project will release approximately 24.52 million tokens, valued at 12.2 million USD. Following this, the MOVE project will unlock 50 million tokens on the evening of August 9, with an estimated value of 6.5 million USD. Finally, the RENDER project will have a small-scale unlock on August 10.

It is worth noting that before a large-scale unlocking, some projects may take measures to maintain price stability. For example, ENA has already seen a 17% increase. However, there may be short-term downward pressure after the unlocking. Therefore, investors should closely monitor market dynamics and make prudent decisions.

This series of unlocking events will undoubtedly bring new variables and opportunities to the cryptocurrency market. For traders, this is both a challenge and an opportunity. It is advised that investors remain vigilant during this period, while also recognizing that market volatility may create favorable entry points for long-term investors.