The most notable token unlock events in November 2024!

So the Crypto market has entered the final days of October, with only about 1 more day until we close 'Up to ber' with many positive signals.

Since the beginning of October, BTC has risen over 14% and at one point was only 0.3% away from its previous ATH. The Crypto community expects that BTC will continue to show this positive performance in November and succeed in establishing a new peak.

According to data from the Token Unlocks website, November 2024 will witness the unlocking of tokens worth approximately 3.03 billion USD - based on the prices of the tokens at the time of writing (October 30).

Of which, the amount of tokens unlocked in Linear form reaches 1.98 billion USD (accounting for 65%) and in Cliff form reaches 1.05 billion USD (accounting for 35%).

Overall, November will record a lower unlock volume by up to 40% compared to the over 5 billion USD figure in October. The reason is that October had an unlock worth over 1 billion USD from TIA (Celestia).

The list of the most notable cliff unlock events in November includes:

November 1: Immutable unlocks 32.47 million IMX tokens (accounting for 1.98% of the circulating supply), valued at 46 million USD

November 1: Zeta Chain unlocks 53.89 million ZETA tokens (accounting for 11.72% of the circulating supply), valued at 35 million USD

November 3: Sui Network unlocks 64.19 million SUI tokens (accounting for 2.32% of the circulating supply), valued at 128 million USD

November 3: Memecoin unlocks 3.45 billion MEME tokens (accounting for 11.87% of the circulating supply), valued at 46.5 million USD

November 7: Neon unlocks 53.91 million NEON tokens (accounting for 93.43% of the circulating supply), valued at 22.5 million USD

November 10: Cheelee unlocks 2.67 million CHEEL tokens (accounting for 4.7% of the circulating supply), valued at 33 million USD

November 12: Aptos unlocks 11.31 million APT tokens (accounting for 2.18% of the circulating supply), valued at 115 million USD

November 15: Starknet unlocks 64 million STRK tokens (accounting for 3.3% of the circulating supply), valued at 25 million USD

November 16: Arbitrum unlocks 92.65 million ARB tokens (accounting for 2.33% of the circulating supply), valued at 50 million USD

November 18: Avalanche unlocks 1.67 million AVAX tokens (accounting for 0.41% of the circulating supply), valued at 44.5 million USD

November 19: Polyhedra Network unlocks 17.22 million ZKJ tokens (accounting for 28.52% of the circulating supply), valued at 20 million USD

The cliff unlocks are likely to significantly affect token prices in November, including ZETA, MEME, NEON, and ZKJ, as they all increase the circulating supply by more than 10%. Notably, in the case of the NEON token, the circulating supply nearly doubled after the unlock on November 7.

In addition to the cliff unlocks mentioned above, November will continue to witness large linear unlocks from familiar names such as Solana (SOL), Worldcoin (WLD), and Bittensor (TAO). Detailed information is as follows:

  • Solana unlocks linearly 66,540 SOL (13.5 million USD) each day

  • Worldcoin unlocks linearly 5.32 million WLD (11 million USD) each day

  • Bittensor unlocks linearly 10,200 TAO (3.8 million USD) each day