According to data from Tokenomist, the crypto market is preparing to face significant token unlock events in the next 7 days. The total unlock value is predicted to exceed $1.14 billion, including both cliff and linear unlocks across various tokens.
Large cliff unlock events
A cliff unlock occurs when a large amount of tokens is released all at once. Notable tokens in this event include JTO, NEON, ADA, TAIKO, BANANA, ENA, and AGI. Some highlights:
JTO: Leading the list with 137.44 million tokens unlocked, worth $507.14 million, equivalent to 104.32% of the total circulating supply. This is a significant event that could greatly impact the market.
NEON: 53.91 million tokens unlocked, worth $24.01 million, accounting for 44.92% of the circulating supply.
ADA: With 18.53 million tokens unlocked, worth $21.31 million, it only represents 0.05% of the circulating supply.
TAIKO and BANANA: Unlock events at an average level, with 9.29 million tokens ($20.25 million) and 250,000 tokens ($16.66 million).
Large linear unlock events
A linear unlock occurs when tokens are released gradually over a period of time. Major tokens in this event include SOL, WLD, TIA, TAO, DOGE, and many others. Notable points:
SOL: The largest unlock event with 524.03 million tokens worth $123.34 million, accounting for 0.11% of the circulating supply.
WLD: 37.23 million tokens unlocked, worth $124.71 million, representing 5.16% of the circulating supply.
TIA and TAO: Unlocking 6.99 million tokens ($55.42 million) and 50.40 million tokens ($31.87 million) respectively.
DOGE and AVAX: Although they account for a small percentage of the circulating supply — 0.06% for DOGE and 0.17% for AVAX — the unlock values remain significant at $42.91 million and $31.75 million.
Wider impact on the market
These large unlock events may affect the market dynamics of the related tokens, including liquidity, pricing, and trading volume. Investors and traders should closely monitor these events as they could cause significant market fluctuations.
In particular, tokens with high unlock rates compared to circulating supply, such as JTO and NEON, may face strong selling pressure, while other tokens may see increased trading volumes.
With over $1.14 billion worth of tokens unlocked next week, the crypto market may experience a volatile period. Whether these unlock events will create strong selling pressure or boost trading activity remains a question, but their scale underscores the importance of monitoring tokenomics in the ever-evolving crypto market.
Disclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions.
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