Token Unlocks Coming for SOL, DOGE, SUI, and Other Cryptos, Be Careful
- Barbara StreisandOriginal
- 2024-11-20 07:30:21207browse
Journalist Wu Blockchain has reported substantial token unlocks set to occur between November 18 and November 25. The total value of these unlocks exceeds $489 million, spanning key projects such as SOL, DOGE, ADA, DOT, WLD, and SUI.
Over $489 Million in SOL, DOGE, SUI, and Other Crypto Tokens Set to Unlock Next Week
According to a recent report by Journalist Wu Blockchain, substantial token unlocks are set to occur in the coming days, with a total value exceeding $489 million. These unlocks will impact major cryptocurrencies and are expected to influence circulating supplies and market activity.
As reported by Tokenomist data, these unlocks will affect major cryptocurrencies, ranging from cliff unlocks, where tokens are released in bulk, to linear unlocks, where tokens are gradually distributed over time.
Here's a closer look at the large token cliff unlocks scheduled between November 18 and November 25:
MRS: 10 million tokens valued at $20.7 million, representing 11.87% of its circulating supply.
ROSE: 176 million tokens valued at $14.03 million (2.62% of supply).
ADA (Cardano): 18.53 million tokens valued at $13.12 million, accounting for just 0.05% of its supply.
PIXEL: 54.37 million tokens valued at $10.73 million (7.05% of supply).
These cliff unlocks will see a sudden release of a large portion of tokens, which could increase the liquidity of affected tokens. This may lead to price adjustments depending on market demand.
Additionally, large token linear unlocks will also occur during this period, with the following details:
SOL (Solana): 524,030 tokens valued at $123.94 million, representing 0.11% of its circulating supply.
WLD (Worldcoin): 37.23 million tokens valued at $84.13 million (5.65% of supply).
DOGE (Dogecoin): 94.47 million tokens valued at $34.49 million (0.06% of supply).
SUI: 4.13 million tokens valued at $15.62 million (0.15% of supply).
These gradual releases will slowly increase the supply of tokens available for trading, which could influence market dynamics.
As these token unlocks unfold, keeping an eye on price movements and trading volumes will be crucial for investors. Wu Blockchain's report highlights the scale of these token unlocks and the potential implications for the affected cryptocurrencies, making it essential to be vigilant during this period.
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