As the bull run continues in the crypto market, altcoins that will make significant token unlocks in the coming days are drawing attention. Token unlocking means the release of tokens that were previously locked for long-term distribution and are expected to be released. This process can often lead to selling pressure and have an impact on the price.
With the increasing money flow into altcoins, many altcoins will be unlocked during this process. Unlocked tokens will enter the market by increasing the supply in circulation. According to Tokenomist data, the total value of token unlocks to be made in the next 12 days will exceed $1 billion.
A total of 9 altcoins will be unlocked. These altcoins include cryptocurrencies that attract the attention of investors and have high market value. Here are some important projects that will be unlocked:
Cardano (ADA): Competing with major altcoins like XRP and Ethereum, Cardano will unlock $20 million in the early hours of November 26.
Ethena (ENA): Ethena, a decentralized finance (DeFi) project on the Ethereum blockchain, will unlock $8.51 million in tokens on November 27. These tokens will be distributed to early participants and its ecosystem.
Jito (JTO): Jito will make the biggest unlock in the coming weeks. Jito will put a total of $513.7 million worth of JTO into circulation on December 7.
SUI (SUI): SUI, one of the popular altcoins of recent times, will unlock $220.19 million worth of tokens on December 1.
Additionally, there will be significant unlocks for some other altcoins. These projects include:Immutable (IMX): $43.4 million to be unlocked on November 29.
Optimism (OP): $72.09 million unlocked on November 30.
1inch (1INCH): $39.61 million will be unlocked on November 30.
ZetaChain (ZETA): $40.72 million will be unlocked on December 1.
dYdX (DYDX): $12.83 million worth of tokens will be unlocked on December 1st.
These developments could lead to significant changes and price movements in the altcoin market, and investors need to be careful.
