- Immutable (IMX) leads with $32.36M worth of tokens unlocking, 1.45% of its supply.
- Worldcoin (WLD) dominates linear unlocks with $81.53M, increasing supply by 4.67%.
- Solana’s minor unlock of 490,740 tokens adds $88.20M, just 0.10% of its total supply.
Between December 23 and December 30, the cryptocurrency market is expected to unlock over $513 million in tokens. This significant distribution features cliff and linear unlocks from some large-scale projects, such as Immutable (IMX), Worldcoin (WLD), and Cardano (ADA), taking place during periods of market fluctuations and specific price declines in key cryptocurrencies.
Major Cliff Unlocks Lead with Immutable (IMX) and Beldex (BDX)
Immutable (IMX) has the biggest unlock for the week, releasing 24.52 million tokens worth $32.36 million. This release equals 1.45% of the circulating supply of IMX tokens, making it a significant addition to the market.
Beldex (BDX) is very close, with 330.63 million tokens to be unlocked, valued at $25.59 million. This event equals a relative increase in BDX in circulation supply by 4.78%. Cardano (ADA) will release 18.53 million tokens worth $16.32 million. However, they only account for 0.05% of the token’s total supply, minimizing its market impact.
Other significant cliff unlocks include APEX Protocol ($APEX), with 19.04% of the total unlocked, 9.24 million tokens worth $14.23 million. Elrond eGold ($ENA) also unlocked 12.86 million tokens worth $13.53 million, increasing its supply by 0.44%. Other small unlockings are Yield Guild Games (YGG), Tribal Token (TRIBL), and Artificial Intelligence Technology (AITECH), which increase millions of dollars in circulating supply.
Worldcoin (WLD) Leads Linear Unlocks Amid Distribution Plans
Worldcoin (WLD) is still the most used currency in linear unlocks; it unveiled 37.23 million WLD tokens worth $81.53 million. This has increased WLD’s circulating supply by 4.67%, which helps it continue distributing tokens according to the schedule.
Solana (SOL) follows with a high-value unlock of 490,740 tokens, approximating $88.20M. Nonetheless, this release amounts to merely 0.10 % of its supply. However, TIA Protocol (TIA) is all set to release 6.99 million tokens worth $35.99 million and Dogecoin (DOGE) 94.47 million tokens, equivalent to $29.37 million.
Further linear unlocks include Avalanche (AVAX), with 700,000 tokens equivalent to $25.45 million; Polkadot (DOT), which releases 2.81 million tokens worth $19.18 million; and NEAR Protocol (NEAR), which releases 2.97 million tokens amounting to $14.98 million. These events are ongoing token distribution across various blockchain platforms.
Smaller Projects Face Token Unlocks with Significant Progress
Other significant unlock schedules are seen in smaller projects such as Exverse (EXVG) and PLEXUS Token (PLX). EXVG will release 12.59 million tokens worth $250,866, and PLX will offer tokens worth $147,850, with 12.59 million and 9.87 million tokens, respectively. Both ongoing projects depict stable unlock progress, nearing 50% of their vesting schedules.
RWA and Token IN (TIN) complete more minor token unlocks, but they contribute greatly to the circulation of their supply. RWA has launched 2.43 million tokens for sale, worth $101,219. This comprises only 1.21% of the locked supply but has the highest unlock progress of 95.10%.
The post Cryptocurrency Market Set for $513M Token Unlocks Amid Market Volatility appeared first on Crypto News Land.
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