Cryptocurrency projects carefully plan their altcoin unlocking processes in order to maintain market balance and prevent price drops. These processes refer to the release of tokens that were previously locked by certain agreements. Next week, major altcoin projects will be unlocked. In addition, many cryptocurrency projects that will release small amounts of coins will also hold unlock events.
AVAX and ROSE to Make Major Unlock$AVAX
Avalanche (AVAX) is a high-performance and scalable platform focused on developing decentralized applications (dApps) and private blockchain networks. AVAX, the native token of the Avalanche network, plays an important role in the payment of transaction fees, staking, and governance. With the unlock to be held on November 18, Avalanche will release 1.67 million AVAX tokens. These tokens, worth approximately $60 million at current prices, will be allocated to the Avalanche Foundation and will support the foundation's growth and development projects. This unlock stands out as an important development that can affect market dynamics for the token, which has a total supply of 407.35 million AVAX.
Oasis Protocol (ROSE)$ROSE
will also make a major unlock on November 18. Oasis is a blockchain platform that allows developers to create privacy-focused decentralized applications (dApps) and prioritizes protecting user data with confidential computational capabilities. Oasis will unlock 176 million ROSE tokens. These tokens will be distributed to core contributors, the foundation, the community, partners, and reserves. ROSE has a total supply of 6.72 billion, and this unlock may affect the market price in the short term. However, the community believes that this development will not shake confidence in the project.
Cardano (ADA) is a powerful blockchain platform focused on sustainability, security, and scalability. Cardano provides a robust infrastructure for decentralized applications and smart contracts. On November 21, Cardano will release 18.53 million ADA tokens. These tokens are reserved for staking and treasury reserves. The total supply of ADA is 37.74 billion, and this unlock could increase interest in the project.
In addition, Ethena (ENA), Apecoin (APE) and some other crypto projects will also be on the agenda with unlocks. Today, projects such as SUI, NEARWLD, SABAI, ARKM, ONDO, SEI, and TIA will also unlock their tokens. On November 19, projects such as KARRAT, AURORA, QI, and PIXEL will also unlock. Later in the week, coins such as ML, FP, ID, XPLA, FIDA, TAP, WELL, and C98 will be unlocked. These unlocks have a total value of over $123 million and can shape market movements.