A massive $2.31 billion worth of crypto assets is set to hit the market in the next 30 days.
Solana leads the pack with a daily unlock of 74,860 SOL tokens worth over $13.3 million.
Worldcoin, Avalanche, and Wormhole also release tokens daily.
According to a recent update from Token Unlocks, a leading crypto tracker, a massive influx of crypto assets worth a staggering $2.31 billion is scheduled to hit the market within the next 30 days.
These significant token unlocks and issuances are expected to come from several high-profile projects, including Solana (SOL), Avalanche (AVAX), Wormhole (W), Worldcoin (WLD), and The Sandbox (SAND).
Curious about the current market conditions compared to upcoming token unlocks in the next 30 days 🚧$2.31 billion worth of tokens, including $SOL, $AVAX, $W, $WLD, and $SAND, will be released into the market Which tokens have low float unlocks, and which have high float… pic.twitter.com/TNqFoe9CtL
— Token Unlocks (@Token_Unlocks) July 26, 2024
Solana is currently following a linear unlock schedule, with 74,860 SOL tokens valued at over $13.3 million entering the market daily. Consequently, SOL tokens worth nearly $100 million have been released into circulation within the past seven days.
Notably, this unlock schedule began in December 2023. A new model, in which 66,540 SOL tokens will be released daily, will take effect on December 26 of this year. Based on its daily unlocks, Solana has the most substantial unlock schedule for the next 30 days.
Worldcoin follows closely behind, with a daily unlock of 5.32 million WLD tokens valued at over $11.64 million. This schedule commenced just two days ago and will continue for the next two years. The released assets are allocated to the initial development teams and TFH investors, who receive $1.21 million and $1.66 million daily, respectively. Notably, the new unlock schedule has replaced the previous Worldcoin community allocation and TFH reserve.
Avalanche is also releasing tokens daily, with 700,000 AVAX tokens worth $19.54 million entering the market over the past week. Meanwhile, the newly launched Wormhole project is following a similar pattern, releasing $3.49 million worth of W tokens to community members and the ecosystem treasury over the past week.
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