Recently, the cryptocurrency market is expected to witness a significant wave of token unlock events, which may have a profound impact on the market landscape. Let's take a closer look at the upcoming major unlocking situations.

On August 5th, the SPEC and ENA tokens will undergo a significant unlocking. SPEC is expected to release about 3.62 million tokens, accounting for 17.57% of its current circulating supply, with an estimated value of approximately 1.8 million USD. Such a large-scale unlocking could have a significant impact on the market price of SPEC. On the same day, ENA will unlock about 172 million tokens, which, although only accounting for 2.70% of its circulating supply, has a total value of up to 95.8 million USD, and this massive unlocking could have a substantial effect on market liquidity.

Following closely, August 6 will witness the unlocking events of EIGEN and MAVIA. EIGEN plans to unlock approximately 1.29 million tokens, which accounts for 0.40%, valued at around $1.4 million. Meanwhile, MAVIA's unlocking scale is even more substantial, with an expected release of about 11.89 million tokens, accounting for 23.03% of its current circulation, valued at approximately $1.9 million. Such a high proportion of unlocking for MAVIA may trigger significant market fluctuations.

On August 8th, the highly anticipated IMX will unlock approximately 24.52 million tokens, accounting for 1.30% and valued at around 12.2 million USD. As a market focus, the unlocking trend of IMX will undoubtedly attract widespread attention.

Next, on August 9, MOVE will unlock approximately 50 million tokens, accounting for 1.89% of its circulating supply, worth about 6.5 million dollars. This event may bring more uncertainty to the market.

Finally, on August 10th, the RENDER plan will unlock approximately 492,000 tokens. Although this only accounts for 0.09% of its circulation, it is still valued at 1.7 million dollars.

In the cryptocurrency market, token unlocking is often a double-edged sword. It can lead to price fluctuations while also injecting new vitality into the market. Investors should closely monitor these unlocking events and adjust their investment strategies in a timely manner based on market changes. With the unlocking of these important tokens, we may witness a new round of transformation and opportunities in the cryptocurrency market.