Crypto projects will unlock $2.6 billion in tokens this November. Potentially affecting market prices and liquidity.
Vesting periods for blockchain-based enterprises are coming to an end in November. Bringing $2.68 billion worth of locked digital assets to the market.
Vesting data tracker Tokenomist (previously Token Unlocks) predicts that in November. $2.68 billion worth of cryptocurrency assets will be unlocked. About $1.7 billion worth of tokens will be unlocked in a linear fashion. While over $900 million will be unlocked on a cliff basis.
Crypto Projects like Memecoin MEME tickers down $0.01103. Aptos APT tickers down $8.42, Arbitrum ARB tickers down $0.4875. Avalanche AVAX tickers down $23.83, and Optimism OP tickers down $1.42 had the most notable token unlocks in November 2024.
In the realm of digital assets. Crypto token vesting is a technique used to stop early investors or project. Team members from selling tokens before a project is fully developed. Additionally, it locks crypto assets to stop holders from selling all at once and straining the markets. Which might cause the price of crypto tokens to drop.
Biggest token unlocks in November
The meme-project With its airdrop, Memecoin is expected to unleash 3.45 billion coins, or around $37.8 million. It would provide its contributors with a linear token unlock in addition to the cliff unlock. This amounts to more than 10 million MEME tokens every day, which is around $117,000 in value. The price of the MEME coin is presently at $0.010. Which is 81% less than its peak of 0.053 in 2024.
Blockchain at Layer 1 An additional 11.31 million tokens valued at $93 million will be unlocked by Aptos. The project’s primary funders will receive about $32 million, the community will receive $26 million. The foundation will receive $11 million, and investors will receive $23 million. Currently trading at about $8.24, the APT token is 54% lower than its peak of $18.14 in 2024.
Additionally, Optimism will release 31.4 million tokens worth $44 million for its investors and key contributors. While Avalanche will unlock 1.67 million AVAX tokens worth $39 million for its foundation.
Arbitrum unlocks more tokens
In the meanwhile, 92.65 million tokens valued at $45 million will be released via the Ethereum layer-2 network Arbitrum. The crew, advisers, and investors all receive cryptocurrency tokens. Arbitrum issued 1.1 billion tokens valued at $2.32 billion on March 16.
Arbitrum’s 1-year price chart
Following its enormous token release, ARB’s price began to decline. The token’s current price is at $0.48, 79% less than its peak of $2.39 in January.
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