Token unlocks are a vital phase of a cryptocurrency project where previously frozen tokens or tokens that have been vested become available for trading. There is a lot of activity that is expected to happen this week, and nine projects will release over $250 million worth of tokens. Now, let’s look into the specifics of these unlocks and how these could be useful in the markets.
Upcoming Token UnlocksDuring this week, @Aptos, @MovementLabsxyz, @Jito_sol, @dfinity, and @Neon_EVM will have the biggest unlocks.#Jito – $35.2 M#Neon – $20.9 M#Ethena – $15.5 M#Movement – $53.2 M#StepN – $14.2 M#ICP – $29.9 M#IO – $13.3 M#Aptos – $112 M#Axie -… pic.twitter.com/sJqEHV67UQ
— CryptoDep #StandWithUkraine (@Crypto_Dep) January 6, 2025
Jito and Neon Open the Week with Major Token Unlocks on January 7
The week starts with two big token unlocks, Jito and Neon. Jito will soon unlock 11.3 million $JTO tokens, equivalent to $35.2 million in value, which is 1.13% of its total supply. Although this could provide liquidity to the market, the downside is that it could result in oscillations in the price within the markets.
On the same day, 53.9 million $NEON tokens unlocks will happen in the Neon network, with an overall worth of $20.9 million. This unlock makes up 5.39% of its circulating supply, a significant number that could make a real difference in its trading volume. Both projects will be in the spotlight as these unlocks happen.
Ethena’s Unlock
On the 8th of January, Ethena company will launch $ENA into circulation in the sum of 12.8 million tokens. However, the monetary value of this unlock is $ 15.5 million, and it is only 0.09% of the total supply.
Movement and STEPN Make Waves on January 9
Two massive unlock events will take place on January 9, culminating in the day’s peak. The movement is to release 50 million $MOVE tokens, which is equivalent to $53.2 million, constituting just 0.50% of the grand total.
On the same day, $GMT worth $14.2 million, equivalent to 87.9 million unlocked tokens, will be unlocked by STEPN. This translates to 1.47% of the token’s total circulating supply.
January 11: Dfinity and IQNet Add Over $43 Million in Value
New unlocks for January 11 include offerings from Dfinity and IQNet. Dfinity will sell 2.42 million $ICP tokens at a price of $29.9 million or 1.12% of the overall emission. Since Dfinity is one of the well-known blockchain projects, the event of its unlock will be interesting for investors and traders.
Likewise, IQNet will unlock 3.47 million $IO tokens, which will be worth $13.3 million. This unlock represents about 0.43% of the total token supply. Although not as big in scope as Dfinity, IQNet’s release contributes to the week’s cumulative market effect.
Aptos and Axie Infinity Close the Week on January 12
The two significant unlocks occur on the last day of the week, January 12. The largest unlock by value will be made by Aptos, 11.3 million $APT tokens that will be worth $112M. This release represents 1.00 percent of the token’s total supply, which should have a large impact on the Aptos ecosystem.
Play-to-earn gaming giant Axie Infinity will unlock 2.29 million $AXS tokens, which is equivalent to $16.1 million. This unlocks accounts for 0.85% of the total supply of Axie Infinity and may be relevant to the entire category of gaming tokens.
A Week of Market Movement and Liquidity
We will be seeing more than $250 million worth of token unlocks in nine projects this week, with Aptos, Jito, and Neon taking the lead. Although these unlocks offer the potential for additional liquidity, there is the possibility of a fluctuation in the price of the shares. Investors will pay close attention to these token unlocks in order to understand the effects they will have on the cryptocurrency market.
