Token Unlocks IOTA Ethena and IMX As Ecosystem Growth Aims to Outpace Supply Pressure

Continuous token unlocks through 2026 have pressured IMX’s price, highlighting the need for stronger ecosystem adoption.

Ethena faces volatility amid expansion: ENA’s supply could near 15 billion by 2028, with price stability hinging on DeFi and governance adoption.

With over 55% of tokens held by users, IOTA may resist unlock pressure if Tangle adoption accelerates.

The next phase of token unlocks highlights how supply expansion could affect IOTA, Ethena, and IMX. Each project shows a steady release schedule, raising questions about price sustainability. While adoption and utility could counterbalance pressure, supply growth remains a defining factor for long-term performance.

IMX Faces Rising Supply Against Weaker Price Momentum

IMX’s release schedule shows continuous token unlocks from early 2022 through early 2026. By late 2025, supply surpasses 1.5 billion tokens. By 2026, the circulating supply is expected to move closer to 2 billion.

Source::Tokenomist

The IMX price chart shows early strength, followed by declines as supply increased. Spikes appeared in mid-2024 but quickly faded. By early 2025, IMX consolidated at much lower levels despite rising circulation.

This trend highlights a direct link between increasing supply and weaker price performance. Future growth will depend on ecosystem adoption. Expanded use cases, stronger demand, or new partnerships could provide balance.

Ethena Expands Circulation While Price Volatility Remains

Ethena’s supply trajectory indicates significant growth between mid-2025 and early 2028. Unlock phases cover team, ecosystem, and community allocations. By 2028, supply could approach nearly 15 billion tokens.

Source::Tokenomist

Price behavior shows volatility between mid-2024 and early 2025. Market value swung from highs above $12 billion to near $6 billion. After mid-2025, projections suggest a possible stabilization phase.

The key challenge will be sustaining demand alongside scheduled unlocks. Staking, governance, and DeFi integrations may absorb new supply. If demand lags, price normalization could occur near $1.

IOTA Unlocks Highlight Strong Holder Base

IOTA’s distribution places 55.1% of tokens with holders, equal to 2.53 billion MIOTA. The DLT Foundation and Tangle Ecosystem each hold 12%, while the Foundation controls 7.1%. Smaller allocations are assigned to contributors, airdrops, and treasury reserves.

Source::Tokenomist

The release schedule expands circulation toward 4.59 billion tokens by 2028. Price history shows volatility between 2024 and early 2025, ranging from above $4 billion market cap to below $2 billion. The unlock phase after mid-2025 could increase selling pressure.

However, the large share already with holders provides stability. Future price performance will depend on adoption of the Tangle network and real-world utility. Enterprise integration and IoT applications will play a decisive role.

Outlook

IMX, Ethena, and IOTA share a common path of supply expansion balanced against ecosystem development. While unlocks introduce pressure, adoption offers a counterweight. The next years will determine whether utility and growth can absorb new circulation effectively.