The cryptocurrency market is gearing up for another week of token unlocks, with releases totaling over $513 million set to occur between December 23 and December 30. This wave of unlocks comes at a time of market volatility, with Bitcoin and other major cryptocurrencies experiencing price corrections from recent highs. Immutable (IMX) leads the cliff unlocks with a release valued at $32.36 million, while Worldcoin (WLD) maintains its dominance in the linear unlocks, with $81.53 million set to be released.
IMX is leading in terms of the largest token unlock this week, with 24.52 million tokens worth $32.36 million scheduled for release, representing 1.45% of its circulating supply. Following IMX is Beldex (BDX) with a cliff unlock of 330.63 million tokens valued at $25.59 million, increasing its circulating supply by 4.78%. Cardano (ADA) follows with an 18.53 million token unlock worth $16.32 million, with a minimal impact on circulating supply at 0.05%.
APEX Protocol (APEX) is facing a substantial increase in supply with 9.24 million tokens worth $14.23 million being unlocked, representing a 19.04% increase in circulating supply. Elrond eGold (ENA) is set to release 12.86 million tokens valued at $13.53 million, adding 0.44% to its supply. Other notable cliff unlocks include Yield Guild Games (YGG), Tribal Token (TRIBL), and AI Technology (AITECH).
Worldcoin (WLD) maintains its position as the largest linear unlock, with 37.23 million tokens valued at $81.53 million set to be released, increasing its circulating supply by 4.67%. Solana (SOL) follows with a smaller but valuable unlock of 490,740 tokens worth $88.20 million, representing just 0.10% of its circulating supply. Other major blockchain platforms like TIA Protocol (TIA), Dogecoin (DOGE), Avalanche (AVAX), and TAO Protocol (TAO) are also scheduled for linear unlocks.
Several smaller market capitalization projects are also facing notable token unlocks in the coming days. Exverse (EXVG) is preparing to release 12.59 million tokens worth $250,866, representing 3.15% of its total locked supply. PLEXUS Token (PLX), Lootex (LOOT), Token IN (TIN), and Xend Finance (RWA) are among the projects with upcoming token unlocks, each adding to their respective circulating supplies.
Overall, the cryptocurrency market is bracing for a significant influx of tokens as various projects unlock their assets. This influx comes at a time of market volatility, and investors will be closely monitoring the impact of these releases on token prices and overall market stability. As the week progresses, it will be interesting to see how these token unlocks impact the broader cryptocurrency landscape.
