Top 10 encryption Token unlocks in July 2025: ENA, SOL, CHEEL, APT, ARB, ZRO, XDAO, PLUME, AVAIL, GT

In July 2025, the top 10 Tokens are expected to unlock an amount exceeding 782.35 million USD. Token unlocking occurs under specific conditions, allowing the trading of previously restricted Tokens. The market should follow the unlocking situation of the top ten encryption Tokens this month, as these events can greatly impact market prices, investment decisions, and Risk Management strategies.

Ethena ($ENA)

Unlock Dates: July 2nd and 5th

Token: 266 million ENA (25.06 million USD)

About ENA: ENA is a synthetic dollar protocol on Ethereum that provides an alternative to traditional stablecoins by using crypto assets such as ETH and BTC as collateral.

It maintains stability through delta hedging, where the positions in derivative products are automatically adjusted to offset changes in collateral value, thereby linking Ethena's stablecoin USDe to USD1.

Since its launch in early 2024, Ethena has gained significant traction in the DeFi ecosystem, attracting a large amount of liquidity and maintaining its peg.

The protocol also utilizes liquid staking tokens as collateral, generating additional returns while maintaining the necessary liquidity levels.

Allocation:

July 2:

Ecosystem Incentives: 55.53 million USD ENA

Foundation: 40.64 million USD ENA

July 5:

Core Contributor: 93.75 million USD ENA

Investor: 78.13 million USD ENA

Progress of belonging: 40.85% completed

Unlocked Tokens: 6.13 billion ENA

Locked Token: 8.87 billion ENA

Solana ($SOL)

Unlock Dates: July 7 and 11

Token: 637,435 $SOL (98.35 million USD)

About SOL: Solana (SOL) is the native Token of the Solana blockchain, which is a high-performance platform designed for fast, low-cost decentralized applications and encryption transactions.

SOL is primarily used for paying transaction fees and interacting with smart contracts, and it also plays a key role in securing the network through staking. The Token supports Solana's unique history proof and proof of stake hybrid consensus mechanism, achieving high throughput and scalability.

Allocation:

July 7:

Alameda and FTX bankruptcy: 472,602 USD

July 11:

Alameda Bankruptcy: $164,833

Progress of belonging: Completed 59.83%

Unlocked Tokens: 299.13 million $SOL

Locked Token: 27.87 million $SOL

Not followed: 178 million $SOL

Cheelee ($CHEEL)

Unlock Date: July 10

Token: 8.34 million $CHEEL (44.04 million USD)

About CHEEL: $CHEEL is the native Token of Cheelee, which is a GameFi short video platform launched by NUTSon in February 2023.

· The platform follows the attention economy model, where users earn rewards by participating in content, and the more they interact, the higher their income.

· Cheelee also integrates NFTs, providing users with free NFT glasses upon registration, and offers the opportunity to earn rarer NFTs and game tools as the game progresses.

· $CHEEL aims to drive the adoption of encryption by allowing users to monetize their time on social media, positioning itself as a key player in the SocialFi space.

Allocation:

Advisor: 208,347 $CHEEL

Reserve Fund: 5.1 million USD CHEEL

Team: 2.78 million USD CHEEL

Airdrop for the Community: 31,333 $CHEEL

Private Sale Round: 27,779 $CHEEL

Second round strategy: 83,338 $CHEEL

First round strategic issuance: 111,117 $CHEEL

Progress of belonging: Completed 52.60%

Unlocked Tokens: 526.03 million $CHEEL

Locked Token: 92.87 million $CHEEL

Unfollowed Token: 381.10 million $CHEEL

Aptos（$APT）

Unlock Date: July 12

Token: 11.3 million $APT (55.56 million USD)

About APT: The APT Token serves both as a utility token and a governance token within its ecosystem, and acts as the native currency for transactions and network fees on the Aptos network.

· It also incentivizes validators and project participants on Aptos by providing rewards.

Allocation:

Foundation: 1.33 million USD APT

Core contributors: 3.95 million USD APT

Investors: 2.8 million dollars APT

Community: 3.21 million USD APT

Ownership Progress: 49.88% Completed

Unlocked Tokens: 498.81 million APT

Locked Token: 501.19 million APT

Arbitrum（$ARB）

Unlock Date: July 16

Token: 93.65 million $ARB (31.88 million USD)

About ARB: $ARB is a utility Token on the Arbitrum network.

Users can use $ARB to pay transaction fees, and token holders play a role in governance, influencing decisions such as fund allocation and security council elections.

Distribution:

Investor: 36.52 million USD ARB

Team and Advisors: 57.13 million USD ARB

Progress: 37.55% completed

Unlocked Token: 3.76 billion $ARB

Locked Token: 1.97 billion $ARB

Unfollowed Token: 4.28 billion $ARB

LayerZero ($ZRO)

Unlock Date: July 20

Token: 24.68 million USD ZRO (46.45 million USD)

About ZRO: $ZRO is the native Token of LayerZero, which is a cross-chain interoperability protocol designed to enable seamless communication between different blockchains.

Unlike traditional cross-chain solutions that rely on centralized bridges, LayerZero employs a unique approach that involves ultra-light nodes to securely and efficiently validate cross-chain transactions.

This method ensures decentralized trust and reduces the risks associated with asset transfers and information transmission between networks.

· $ZRO plays a crucial role in governance, transaction fees, and the entire LayerZero ecosystem.

Allocation:

Buyback Token: 1.6 million $ZRO

Core Contributor: 10.2 million $ZRO

Strategic Partner: 12.88 million USD ZRO

Progress: 27.47% completed

Unlocked Tokens: 274.64 million $ZRO

Locked Token: 592.32 million $ZRO

Not followed: 133 million USD ZRO

XDAO （$XDAO）

Unlock Date: July 20

Token: 6.44 million $XDAO (332.76 million USD)

About XDAO: $XDAO is the native Token of the XDAO platform, designed for creating decentralized autonomous organizations and financial management.

· It allows users to create and manage DAOs using multi-signature wallets, governance mechanisms, and financial tools.

Distribution:

Partnership: 104,163 $XDAO

Future investors: 2.08 million USD XDAO

Treasury: 555,542 $XDAO

Team and Advisors: 902,757 $XDAO

Seed Round: 2.79 million USD XDAO

Progress of Ownership: Completed 24.37%

Unlocked Tokens: 60.94 million $XDAO

Locked Token: 114.06 million $XDAO

Unfollowed Token: 75 million $XDAO

Plume ($PLUME)

Unlock Date: July 21

Token: 239.823 million $PLUME (21.05 million USD)

About Plume: $PLUME is the native Token of Plume Network, which is a Layer 1 blockchain built specifically for Real World Asset Financing (RWAfi).

· It provides a permissionless, EVM-compatible environment that integrates tokenization, compliance, and data infrastructure into a single ecosystem. This enables users and institutions to tokenize real-world assets and seamlessly connect them to centralized finance.

Allocation:

Foundation: 35.14 million USD PLUME

Core Contributor: $64.6 million PLUME

Early Supporters: $67.83 million PLUME

Community and Ecosystem: 72.26 million USD PLUME

Progress of belonging: 25.71% completed

Unlocked Tokens: 2.57 billion $PLUME

Locked Token: 7.43 billion $PLUME

Avail（$AVAIL）

Unlock Date: July 23

Token: 9.9063 hundred million $AVAIL (23.7 million USD)

About $AVAIL: $AVAIL is the native Token of Avail Network, which is a modular blockchain infrastructure designed to unify and scale the Web3 ecosystem.

It is the pillar of data availability, enabling decentralized applications and aggregations to operate securely and efficiently across chains.

AVAIL is used for paying transaction and bridging fees, and supports a modular stack for the network, which includes a Data Availability (DA) layer, Nexus unified layer, and shared security layer Fusion.

Allocation:

Investors: 359.2 million USD

Core contributors: 509.2 million USD

Ecosystem Development: $54.07 million available

Community and Research: $67.87 million available funding

Progress of attribution: 16.78% completed

Unlocked Tokens: 1.71 billion $AVAILJ

Locked Token: 7.87 million $AVAIL

Unfollowed Token: 611.4 million $PLUME

Gate Token ($GT)

Unlock Date: July 26

Token: 6.67 million $GT (103.5 million USD)

About GT: $GT is the native Token of GateChain, which is a blockchain developed by Gate, one of the largest encryption cryptocurrency exchanges.

GateChain focuses on asset security and decentralized trading, providing features such as on-chain secure accounts and delayed recovery mechanisms to protect users' private keys from theft or accidental loss.

GT is mainly used for transaction fees, staking, and governance within the GateChain ecosystem.

It allows users to participate in network security by staking tokens and earning rewards.

In addition, GT holders can vote on protocol upgrades and governance decisions.

Allocation:

Community Development: 1.61 million USD GT

Marketing Promotion: 833,361 $GT

Research and Development: $1.67 million GT

Allocated to Gate users: 2.5 million $GT

Progress of belonging: Completed 42.33%

Unlocked Tokens: 423.32 million $GT

Locked Token: 376.68 million $GT

Unfollowed: 200 million $GT