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Crypto market awaits $297M unlocks likely to boost volatility
Token unlocks typically trigger sell-offs, and in a stagnant market they can create additional downward pressure on prices. According to Tokenomist, from November 17 to 24, unlocks worth $297 million are expected. Some of them will certainly lead to volatility and impact the value of crypto assets.
This week Solana will unlock $69.5 million worth of tokens, although this amount represents less than 0.1% of the total supply and is unlikely to have a strong effect.
In addition, TRUMP is preparing to unlock nearly 2.5% of its supply worth $34.5 million, and Worldcoin will unlock 1.6% of WLD valued at $25.5 million.
Large token amounts in monetary terms will also enter the crypto market from DOGE, ASTER, AVAX, TAO, and other projects. However, these tokens will be released daily in equal portions, which in theory should reduce price pressure.
Valuable supply
Projects with relatively small market capitalization—such as YZY, MBG, and ZRO—may be far more sensitive to unlocks.
YZY will add 12.5% of its distribution worth around $15 million. MBG will unlock 9.2% valued at $7 million, and ZRO will release 7.3% worth $37 million. Significant unlock volumes are also expected from SOON, ZK, KAITO, and APE.
Although in many cases unlocks are already priced in, the current market weakness may increase the desire of token holders to take profits, influencing short-term price formation.
Therefore, many altcoin enthusiasts are closely watching the major unlocks—either to profit or to buy tokens at the deepest possible discount.
As we wrote, Token unlock pressure — Ethena drops 7.72%
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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