Weekly Token Unlocks: KITE Unlocks 27.9% of Circulating Supply

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2026-11-01 08:33 (UTC+8)

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This week, BTW and KITE will see major unlocks.

Ethena

Project Twitter: https://x.com/ethena_labs

Project Website: https://www.ethena.fi/

Unlock Amount This Time: 140 million tokens

Unlock Value This Time: Approximately $25.64 million

Ethena Labs' algorithmic stablecoin USDe currently relies on collateral in BTC, stETH, and their inherent yield, while simultaneously creating short positions in Bitcoin and ETH to balance Delta and utilizing perpetual/futures funding rates to maintain the peg and provide yield. In other words, it uses the yield from spot holdings to offset the losses from a 1x short position, thereby achieving balance while capturing ETH staking yield and short position funding rates.

The specific release curve is as follows:

Bitway

Project Twitter: https://bitway.com/

Project Website: https://x.com/BitwayOfficial

Unlock Amount This Time: 100 million tokens

Unlock Value This Time: Approximately $110 million

Bitway is a Bitcoin-compatible appchain built on Cosmos-SDK and CometBFT, designed to provide native DeFi infrastructure for the Bitcoin ecosystem. It supports native Bitcoin lending, enables non-custodial collateral through Discreet Log Contracts (DLC), and features a built-in FROST signature cross-chain bridge ɃTCT run by validators, enabling seamless transfers between Bitcoin and other chains.

The specific release curve is as follows:

KiteAI

Project Twitter: https://x.com/GoKiteAI

Project Website: https://gokite.ai/

Unlock Amount This Time: 670 million tokens

Unlock Value This Time: Approximately $76.84 million

Kite AI is building the foundational layer of the Agentic Internet. This is an open, decentralized network that enables autonomous agents to operate in an environment with interoperability and verifiability. Through a network design that incentivizes both the supply and use of agent services, Kite provides unified identity, payment, and governance rails, enabling agents to securely complete identity verification, transactions, and collaboration without intermediaries.

The specific release curve is as follows:

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