PROVE Circulating Supply Surges 104% This Week Amid Major Token Unlock Event

PROVE faces a 104% circulating supply increase this week, doubling available tokens. ENA, MOVE, and OPN also see scheduled unlocks, raising short-term volatility risks.

Woofun AI data shows that the week of Aug. 3–9 features significant token unlock events, with PROVE leading due to a 104% increase in circulating supply. This release effectively doubles the token's total available supply in a single event, scheduled for Aug. 5 at 3:00 p.m. UTC. Other notable unlocks include ENA, OPN, and MOVE, though their percentage increases are comparatively modest.

Token unlocks represent scheduled releases of previously vested assets for teams, investors, or treasuries. While designed to prevent market destabilization, such large-scale releases can trigger selling pressure if recipients liquidate holdings. Market participants may adjust positions in anticipation, potentially increasing volatility around the execution time.