2024-11-20 21:30

Journalist Wu Blockchain has reported substantial token unlocks set to occur between November 18 and November 25. The total value of these unlocks exceeds $489 million, spanning key projects such as SOL, DOGE, ADA, DOT, WLD, and SUI. These events are expected to affect circulating supplies and could potentially influence market activity in the coming days.

According to data sourced from Tokenomist, these unlocks will impact major cryptocurrencies, including cliff unlocks, where tokens are released in bulk, and linear unlocks, where tokens are distributed gradually.

Cliff Unlocks vx. Linear Unlocks

Here are the details:

Large Token Cliff Unlocks (11/18–11/25): Tokens that will experience a sudden or cliff unlock, where a large portion is released at once.

MRS: 10 million tokens valued at $20.7 million, representing 11.87% of its circulating supply.

ROSE: 176 million tokens worth $14.03 million (2.62% of supply).

ADA (Cardano): 18.53 million tokens valued at $13.12 million, accounting for just 0.05% of its supply.

PIXEL: 54.37 million tokens worth $10.73 million (7.05% of supply).

Additional tokens, such as ID, ENA, and KARRAT, are also set to release millions of dollars in value. This cliff unlock could increase the liquidity of affected tokens, potentially leading to price adjustments depending on market demand.

Large Token Linear Unlocks (11/18–11/25): Tokens that will experience a gradual release over time (linear unlock).

SOL (Solana): 524,030 tokens valued at $123.94 million, representing 0.11% of its circulating supply.

WLD (Worldcoin): 37.23 million tokens worth $84.13 million (5.65% of supply).

DOGE (Dogecoin): 94.47 million tokens valued at $34.49 million (0.06% of supply).

SUI: 4.13 million tokens worth $15.62 million (0.15% of supply).

Other notable unlocks involve tokens such as AVAX, DOT, FIL, and ARKM. These gradual releases can influence market dynamics by slowly increasing the supply of tokens available for trading.

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Implications for Token Holders

Token unlocks, whether cliff or linear, have the potential to introduce significant liquidity into the market. This influx can lead to price changes, particularly if supply outpaces demand. Historical data shows that these events may trigger volatility, with some holders choosing to liquidate their unlocked tokens.

For tokens with high unlock percentages relative to their circulating supply, the impact may be more pronounced. Traders are advised to stay informed and assess their positions carefully, particularly in light of these upcoming releases.

As the unlock events unfold, monitoring price movements and trading volumes will be critical for investors. Wu Blockchain’s report emphasizes the scale of these token unlocks and the possible implications for the affected cryptocurrencies, underscoring the importance of vigilance during this period.

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