TL;DR
- More than $297 million in tokens will be released into the market between November 17 and 24.
- Assets like SOL, AVAX, WLD, and TRUMP will face an increase in their circulating supply.
- ZRO leads the one-time (cliff) unlocks with $37.28 million, representing 7.29% of its supply.
This week will potentially be one of high volatility for the cryptocurrency market. This is according to a report from Tokenomist, shared by analyst Wu Blockchain, which confirms a massive wave of token unlocks.
Between the 17th and 24th of this month, it is expected that more than $297 million in digital assets will enter circulation, increasing the selling pressure on several key projects.
This week’s massive token unlock includes a mix of “cliff” releases (large one-time events) and daily linear unlocks. Analysts are keeping a close watch on these movements, as the entry of new supply can trigger price corrections, especially if early investors and project teams decide to take profits.
The impact will be felt on some of the market’s most traded assets, including SOL, WLD, DOGE, AVAX, ZEC, and APE, among others.
ZRO, SOL, and WLD Lead the High-Value Unlocks
Some projects will face large-scale, one-time unlocks, each exceeding $5 million in value. The most notable is ZRO, which will release 25.71 million tokens, valued at $37.28 million, representing a considerable 7.29% of its total supply.
Following this are SOON, with $25.86 million (4.33% of its supply), and YZY, with $14.59 million (12.50% of its supply). Other notable “cliff” unlocks include ZK ($8.71M) and APE ($5.47M). These types of sudden releases often generate strong short-term selling pressure.
On the other hand, the Tokenomist report also highlights assets that, while not having as high a percentage unlock, will impact the market due to their high dollar value. Solana (SOL) leads this category, with $69.53 million (491.44K SOL) ready to enter the market, although this represents only 0.09% of its supply.
Other assets being watched are TRUMP, with $34.48 million (2.45% of its supply), and Worldcoin (WLD), with $25.47 million (1.60%). Large-cap assets like Dogecoin (DOGE) and Avalanche (AVAX) will also see increases in their circulation, with $15.76 million and $10.94 million respectively.
While tokens with high liquidity like SOL and AVAX are expected to absorb this week’s token unlock more easily, the event arrives at a time of already elevated volatility.
