Ethena (ENA), Aptos (APT) Prices Rebound Ahead of $705M November Token Unlocks: Here’s What to Expect

Key Notes

• Major cryptocurrency projects prepare to release significant token allocations as market conditions stabilize following volatility.
• Ethena demonstrates renewed strength after October's USDe stablecoin depeg incident prompted Binance's $400M reimbursement fund.
• Aptos faces potential selling pressure despite price recovery as trading volume decline suggests limited broad market participation.

Over $705.8 million worth of tokens are scheduled for release this November, according to Tokenomist.ai. Among the largest upcoming unlocks are Ethena ENA $0.33 24h volatility: 4.6% Market cap: $2.47 B Vol. 24h: $267.51 M and Aptos APT $2.67 24h volatility: 7.4% Market cap: $1.93 B Vol. 24h: $337.33 M , both showing price recoveries as the broader crypto market rebounds from Tuesday’s $1.7 billion liquidation event .

Ethena’s upcoming unlock, valued at $57.56 million, comes amid renewed investor interest following October’s volatility. The project’s USDe stablecoin briefly depegged on Binance on Oct. 10 during a surge in market activity. The event caused ENA to fall by over 20%, touching lows of $0.34 before Binance acknowledged the issue and announced a $400 million reimbursement fund for affected users.

Binance’s swift response helped restore market confidence, propelling ENA price to a monthly high of $0.52 . ENA has gained 8% in the past 24 hours, as investors adjust their derivatives and on-chain positions ahead of the unlock. The rebound suggests traders anticipate limited short-term selling pressure, supported by ENA’s growing adoption in DeFi.

Aptos (APT) and Linea (LINEA) Among This Week’s Major Unlocks

Following Ethena, Aptos is set for a $30.31 million unlock this week, representing about 1.6% of its circulating supply. APT price also saw an 8% recovery in the past 24 hours according to CoinMarketCap data .

Aptos’s market resilience comes despite growing investor caution over fresh supply entering circulation. However, APT’s trading volume declined 25% intraday, reflecting that the rally was driven by few investors executing large trades, rather than a market-wide bullish impact. Without a recovery in market liquidity, Aptos may struggle to absorb downside pressure from the imminent $30 million.

Alongside Aptos and Ethena, Linea ($35.71 million), and LAYER ($5.67 million), are among the largest unlocks for the week. Together, the top 4 largest unlocks account for nearly a third of the $705.8 million in fresh liquidity set to flood the market this week.

Token Unlock Asset Management

As major token unlocks approach, investors are seeking secure and multi-chain storage projects to manage assets efficiently.