Which Crypto Projects Are Set for Major Token Unlocks This Month?

In November 2024, $2.68 billion worth of crypto assets will be unlocked as blockchain projects reach the end of vesting periods, which could impact the crypto market.

This unlock, tracked by Tokenomist, includes both scalar and linear token unlocks. Scalar releases tokens at once totaling $900 million, while linear is responsible for $1.7 billion, which will be released incrementally.

Major projects with larger unlocks include Memecoin, Aptos, Arbitrum, Avalanche and Optimism, each of which is poised to release significant portions of its circulating supply.

Memecoin, for example, will unlock 3.45 billion tokens worth around $37.8 million via airdrop, in addition to a daily linear release of 10 million MEME tokens to contributors, potentially increasing pressure on its market value.

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Aptos will circulate 11.31 million tokens worth $93 million, distributing portions to contributors, the community and investors. Similarly, Avalanche and Optimism will unlock tokens worth $39 million and $44 million, respectively, largely for foundation and contributor rewards.

Ethereum‘s second-tier Arbitrum project , which will unlock 92.65 million. tokens worth $45 million, has seen a downward trend in price since its unlock in March 2023.

These planned unlocks could lead to increased token liquidity, but could also increase downward pressure on prices given the influx of tokens into the market.

As a general strategy, acquiring rights to tokens helps prevent premature sales by early investors and team members, but significant unlocks often impact prices, creating uncertainty for both traders and investors.

Kosta Gushterov