The crypto bull run is in full swing, but token unlocks could shake things up for several altcoins in the coming days. With over $1 billion in token unlocks expected in the next 12 days, the market is bracing for potential volatility. Here’s what this means and the key tokens to watch:
What Is a Token Unlock?
Token unlocking refers to the scheduled release of locked tokens held for long-term projects or reserves. These releases often increase the circulating supply, which can lead to selling pressure on prices.
With the inflow of funds into altcoins, these unlocks could create opportunities—or risks—for traders.
Key Unlocks to Watch
1️⃣ Cardano ($ADA) – November 26
• 20 million tokens will be unlocked, adding to ADA’s supply. Competing with giants like Ethereum and XRP, ADA’s market response could be pivotal.
2️⃣ Ethena ($ENA) – November 27
• A DeFi gem on Ethereum, 8.51 million ENA tokens will enter circulation. These will be distributed to support ecosystem growth, possibly creating new market dynamics.
3️⃣ Jito ($JTO) – December 7
• The largest unlock this cycle: 513.7 million JTO tokens will be released. Expect heightened volatility as this massive release hits the market.
4️⃣ SUI ($SUI) – December 1
• One of the most anticipated unlocks, 220.19 million SUI tokens will be released. This could be a game-changer for SUI’s price trajectory.
Other Major Unlocks
• Immutable ($IMX): 43.4 million tokens on November 29.
• Optimism ($OP): 72.09 million tokens on November 30.
• 1inch ($1INCH): 39.61 million tokens on November 30.
• ZetaChain ($ZETA): 40.72 million tokens on December 1.
• dYdX ($DYDX): 12.83 million tokens on December 1.
What This Means for You
💡 Opportunities to Profit:
Token unlocks can create price dips, which savvy traders can capitalize on to buy at lower levels.
⚠️ Risks to Consider:
Increased circulating supply often leads to short-term price drops. Monitor closely and manage your positions with care.
Stay Ahead of the Game
Track these token unlock events and market reactions to position yourself for gains. Whether you’re trading $ADA, $SUI, or $JTO, understanding tokenomics is the key to navigating these changes.
Don’t miss out—stay sharp and trade smart!