FacebookTwitterLinkedInTelegramCopy LinkEmail
Altcoins

$843 Million in Token Unlocks Set to Impact Cryptocurrency Market This Week

$843 Million in Token Unlocks Set to Impact Cryptocurrency Market This Week

Between December 16 and December 23, token releases totaling about $843 million are set to hit the market, categorized into cliff and linear unlocks.

These unlocks involve a mix of well-known blockchain tokens and new protocol tokens, with some having the potential to significantly impact circulating supplies.

Arbitrum stands out with its largest cliff token unlock, releasing 92.65 million ARB tokens worth $96.81 million, accounting for about 2.26% of the total supply. Other major cliff unlocks include Mars Protocol, which will release 10 million tokens valued at $66.6 million (11.87% of its supply), and Space ID, unlocking 78.49 million tokens worth $42.55 million (18.23% of its supply). Tokens like ApeCoin, QAI, and Cardano are also seeing sizeable unlocks, although their impact will be more minimal in comparison.

On the linear side, Worldcoin (WLD) leads with 37.23 million tokens set to be unlocked, valued at $116.15 million, representing 4.80% of its supply. Solana (SOL) follows with 524,030 tokens worth $118.54 million, making up 0.11% of its circulating supply. Other notable linear unlocks include Dogecoin (DOGE), TIA Protocol, and Avalanche (AVAX), among others.

While some of these releases will have a direct market impact, mid-market cap projects such as SuperRare (RARE) and Nuklai (NAI) are also notable. SuperRare has already unlocked 83.72% of its supply, and NAI will release 371.3 million tokens, though its price has recently dropped. Smaller projects like Stargate Finance (STG) are nearing the end of their unlock schedules, which could affect long-term price trends.

These unlock events, spread over a short period, could influence market volatility and token values as a significant portion of circulating supply becomes available for trading.

Author
Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

Learn more about crypto and blockchain technology.

Glossary