In a significant development in the world of cryptocurrencies, a total of 24 projects are slated to unlock tokens in November 2023, with a combined value exceeding $398 million, more than double the previous month’s figure. According to Token Unlocks, the cryptocurrency industry is gearing up to witness the release of over $398 million worth of tokens into the market during the month of November. Among these projects, Aptos (APT), Avalanche (AVAX), and Hashflow (HFT) stand out as the ones with the largest token unlocks.
Source: Token Unlock
Notable Token Unlock Dates
November 4th: ImmutableX (IMX) is set to unlock 18.08 million tokens, representing 1.5% of the circulating supply and valued at $12.11 million.
November 7th: Hashflow (HFT) is releasing a staggering 160.38 million tokens, accounting for 74% of the circulating supply and amounting to $43.91 million.
November 12th: Aptos (APT) is expected to unlock 24.84 million tokens, equivalent to 10.06% of the circulating supply and valued at $168.93 million.
November 17th: ApeCoin (APE) will release 15.6 million tokens, constituting 4.23% of the circulating supply, with a value of $21.37 million.
November 24th: Avalanche (AVAX) is slated to unlock 9.54 million tokens, making up 2.69% of the circulating supply, with a value of $104.81 million.
Other Upcoming Token Unlock Events
In addition to these notable token unlock dates, there are several other projects with their own unlock events:
November 1st:
STEPN (GMT) is releasing tokens valued at $563,910.
Pendle (PENDLE) is unlocking tokens worth $46,310.
Lido DAO (LDO) is set to release tokens valued at $1,610.
Acala (ACA) is unlocking tokens worth $1.34 million.
November 2nd: Nym (NYM) is releasing tokens valued at $401,480.
November 3rd:
JOE (JOE) is set to unlock tokens valued at $11,120.
Tornado Cash (TORN) is releasing tokens worth $69,680.
November 5th:
Liquity (LQTY) is unlocking tokens valued at $1.14 million.
Galxe (GAL) is releasing tokens worth $10.28 million.
November 7th: Moonbeam (GLMR) is set to unlock tokens valued at $621,640.
November 9th:
GMX (GMX) is releasing tokens valued at $19,200.
Euler (EUL) is unlocking tokens worth $417,110.
November 15th: CyberConnect (CYBER) is expected to unlock tokens valued at $7.82 million.
November 16th: Flow (FLOW) will release tokens valued at $1.48 million.
November 18th: Oasis Network (ROSE) is set to unlock tokens valued at $10.17 million.
November 22nd: SPACE ID (ID) will release tokens valued at $4.11 million.
November 27th:
LooksRare (LOOK) is expected to unlock tokens worth $2.74 million.
Yield Guild Games (YGG) is releasing tokens valued at $3.52 million.
November 28th: SingularityNET (AGIX) is set to unlock tokens valued at $2.19 million.
In summary, the total token unlock value for November matches that of August, standing at $398 million, and it is twice the figure from two months ago, which was $175 million. This surge in token unlocks indicates the dynamic and growing nature of the cryptocurrency market, with numerous projects looking to make their tokens available for trading and investment opportunities in the coming month
