Watch out for these altcoins: Token unlocking is coming!
In the crypto market, token unlocking refers to the release of locked tokens that were previously planned and reserved for long-term distribution. Token unlocking can create selling pressure on the price.
In these days when money inflow to altcoins increases, many altcoins will be unlocked. The altcoins in question will include the unlocked tokens in the circulation supply.
According to Tokenomist data, the total value of token unlocks to be realized in the next 12 days is 1 billion dollars.
A total of 9 altcoins will be unlocked in the project. Among the altcoins that will sign the unlocking are major cryptocurrencies that investors are very interested in.
Cardano (#ADA ), which is in competition with major altcoins such as XRP and Ethereum, will sign a $20 million unlock in the early hours of November 26.
Ethena (#ENA ), a decentralized finance (DeFi) project on the Ethereum blockchain, will unlock $8.51 million on November 27. The unlocked ENAs will be distributed to early adopters and the ecosystem.
The largest unlock in the next few weeks will be seen on Jito (JTO). Jito will unlock and put a total of $513.7 million worth of JTO into circulation. The unlock will take place on December 7.
SUI, one of the most popular altcoins of recent days, is also expecting a large amount of unlocks. According to the data, $220.19 million worth of SUI will be unlocked on December 1.
Other expected unlocks are as follows;
**Immutable ($IMX ) will unlock $43.4 million on November 29.
**Optimism ($OP ) will unlock $72.09 million on November 30.
**1inch ($1INCH ) will unlock $39.61 million on November 30.
**ZetaChain (#ZETA ) will unlock $40.72 million on December 1.
