According to Token Unlocks data, between November 11-17, a total of more than $217 million worth of tokens will be unlocked in 8 different altcoins, including notable projects such as Starknet (STRK), Cardano (ADA), and Arbitrum (ARB).
Usually, unlocks can have a significant negative impact on the price if more than 1% of the circulating supply is released. Therefore, lock unlocks in Starknet (STRK), Nervos Network (CKB), Arbitrum (ARB) and ApeCoin (APE) projects should be watched carefully in the coming week.
Unlocking of STRK and CKB is Important!
In particular, the unlocking of 64 million tokens worth $28 million in Starknet (STRK) attracts great attention with a circulating supply rate of 3.16%. Similarly, the unlocking of $19 million in CKB stands out as another important development to watch with a supply rate of 3.08%.
Distribution of Assets to be Released:
Ethena (ENA): 12 million tokens worth $8 million will be unlocked on November 12 at 13:00. This amount constitutes 0.45% of the total supply.
Starknet (STRK): 64 million tokens worth $28 million will be unlocked on November 13 at 13:00. This amount constitutes 3.15% of the total supply.
Nervos Network (CKB): 1.3 billion tokens worth $19 million will be unlocked at 14:00 on November 15. This represents 3.08% of the total supply.
Cardano (ADA): 18 million tokens worth $10 million will be unlocked on November 15 at 14:00. This amount constitutes 0.05% of the total supply.
Arbitrum (ARB): 96 million tokens worth $59 million will be unlocked on November 16 at 13:00. This amount makes up 2.41% of the total supply.
Echelon Prime (PRIME): 750,000 tokens worth $6 million will be unlocked on November 17 at 16:10. This amount constitutes 1.57% of the total supply.
ApeCoin (APE): 15 million tokens worth $17 million will be unlocked on November 17 at 18:00. This amount makes up 2.56% of the total supply.
Avalanche (AVAX): 2.3 million tokens worth $73 million will be unlocked at 9:00 PM on November 17. This amount makes up 0.56% of the total supply.
It is of great importance for investors to monitor the price movements in altcoins where unlocks are made. This situation can increase volatility, especially for high-risk projects. Investors are advised to follow these developments carefully and make strategic decisions.
