Weekly token unlocks: KITE release equals 27.9% of circulating supply, with $76.84 million in value
MarsBit’s weekly token unlock roundup highlighted KiteAI as the largest release in relative terms, with 670 million tokens set to unlock, worth about $76.84 million and equal to 27.9% of circulating supply. The report also listed Ethena, which is unlocking 140 million tokens valued at roughly $25.64 million, and Bitway, which is unlocking 100 million tokens worth about $110 million. Beyond the unlock figures, the source outlined each project’s positioning. Ethena’s USDe was described as relying on BTC, stETH and their native yield as collateral while using short BTC and ETH positions to balance delta and capture perpetual or futures funding rates. Bitway was presented as a Bitcoin-compatible appchain built with Cosmos-SDK and CometBFT, focused on native DeFi infrastructure for the Bitcoin ecosystem. Kite AI was described as building a base layer for an “Agentic Internet,” with identity, payments and governance rails for autonomous agents. The source also included each project’s X account and website.
