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$832M Token Unlocks to Shake the Crypto Market This Week
In a significant event that may significantly impact the cryptocurrency market, a colossal sum of $832 million in token unlocks is scheduled to take place between December 30th and January 5th. The sheer magnitude of this event has left many experts wondering about its potential consequences.
According to available data, Sui (SUI) is poised to dominate this week’s cliff unlocks with the release of a staggering 64.19 million tokens, valued at $263.20 million. This development will lead to an increase in circulating supply by 2.19%, thereby having a profound effect on market dynamics.
Other notable cliff unlocks include Optimism (OP) releasing 31.34 million tokens worth $58.30 million, ZetaChain (ZETA) setting free 53.89 million tokens valued at $31.45 million, and Kaspa (KAS) putting out 182.23 million tokens that are estimated to be worth $21.51 million.
Furthermore, Worldcoin (WLD) continues its dominance in linear unlocks by releasing a massive 37.23 million tokens, with a value of $80.41 million. This signifies the project’s commitment to ongoing token distribution strategies.
In other news, Solana (SOL) will unlock 465,770 tokens worth $88.45 million, contributing a minute but significant 0.10% to its circulating supply. On the other hand, TIA Protocol (TIA) and Dogecoin (DOGE) have scheduled token releases valued at $34.45 million and $30.09 million respectively.
Meanwhile, the fan and gaming token segment is also experiencing notable activity. Game Meteor Coin (GMTO) has announced plans to unlock 25.1 billion tokens worth $12.38 million, representing a substantial 25.10% of its locked supply. Notably, despite a recent 6.75% price drop in the last 24 hours, the project has already completed a commendable 74% of its unlock schedule.
In addition to this, fan tokens from major football clubs like Juventus (JUV), FC Barcelona (BAR), and Atletico Madrid (ATM) are set to be released. JUV will unlock $334,102 in tokens, BAR will release $928,664, and ATM will put out $288,377.
It is crucial for the cryptocurrency community to closely follow these developments as they unfold over the coming days.
Source: coinchapter.com
