A total of $7.09 billion worth of various crypto assets will be unlocked in January 2025, according to Incrypted. Just under half of this amount is accounted for by a single project — Ondo Finance.
Total value of crypto assets coming to market by month. Source: Incrypted
The biggest unlocks include:
64.5 million SUI ($272.7 million) — January 1;
16.41 million JTO ($51.85 million) — January 7;
23.44 million CHEEL ($189.37 million) — January 10;
4.54 million APT ($40.53 million) — January 12;
64.41 million STRK ($30.09 million) — January 15;
93.65 million ARB ($70.25 million) — January 16;
1.94 billion ONDO ($2.86 billion) — January 18;
6.67 million GT ($102.71 million) — January 26.
Among the projects whose tokens will be unlocked, Ondo Finance stands out. On January 18, about 135% of the circulating supply of the ONDO token will hit the market, which could negatively affect its price.
As noted in Incrypted, 20% of the unlocked tokens will be reserved for investors. The remaining 80% will be used to develop the ecosystem.
The initial entry price for investors was $0.02. At the time of writing, the token is trading at $1.47:
This means that the return on investment for early investors is about 80x. On January 18, depositors will receive 322 million ONDO ($473.3 million). This could serve as a strong incentive for profit-taking, which in turn will create high selling pressure and the risk of a price collapse.#ONDO