Token unlocking involves releasing tokens that were previously prohibited under the terms of the funding. Projects carefully schedule these releases to avoid market pressure and prevent token prices from falling.
Here are three major token launches to watch next week.
Avalanche (AVAX)
Release Date: November 18
Number of tokens issued: 1.67 million AVAX
Current Circulating Supply: 407.35 Million AVAX
Avalanche, a decentralized blockchain platform, is designed to deliver high performance and scalability to developers building decentralized applications (dApps) and custom blockchains. The native token, AVAX, plays a central role in the network by facilitating transaction fees, staking, and governance activities.
Next week, Avalanche will dominate the token unlocking landscape, with a major launch scheduled for November 18. The project plans to release 1.67 million AVAX tokens, worth over $60 million. These tokens are dedicated to the Avalanche Foundation, with the goal of supporting its continued growth and development initiatives.
Oasis (ROSE)
Release Date: November 18
Number of tokens in circulation: 176 million ROSE
Current Circulating Supply: 6.72 Billion ROSE
Oasis Protocol, a decentralized and open-source blockchain platform, prioritizes privacy and scalability to provide a versatile infrastructure for developers. With its focus on confidential computation, the platform enables the creation of privacy-focused decentralized applications (dApps).
On November 18, Oasis will distribute 176 million new ROSE tokens to its core shareholders, foundation, community, partners, and reserves. This release may impact market sentiment around ROSE, as the additional supply may impact its short-term value. However, ROSE holders remain confident that the event will not negatively impact the token’s price.
“176 million, or 0.0176% of the total supply. I’ll be watching to see how this ends up on the exchange, but the releases since late 2023 have had no immediate impact on price action,” one X user noted here.
Cardano (ADA)
Release Date: November 21
Number of tokens released: 18.53 million ADA
Current circulating supply: 37.74 billion ADA
Known for its commitment to sustainability, security, and scalability, Cardano plays a critical role in the advancement of distributed applications and smart contracts. On November 21, the network plans to release over 18 million ADA tokens, with allocations going toward staking and the Treasury Reserve Fund.
Upcoming token releases in the coming week also include Ethena (ENA) and Apecoin (APE), among others, with a combined value of over $123 million.
