ONDO and CONX lead $2.927 billion token unlocks this week

Source Cryptopolitan

The cryptocurrency market is in for a large fleet of token unlocks between January 13-20, with releases valued at over $2.927 billion scheduled across multiple projects.

According to Tokenomist data, ONDO leads the cliff unlocks with 1.94 billion tokens worth $2.269 billion, representing 134.21% of its circulating supply. The scale of these unlocks, particularly in projects focused on Real World Assets (RWA) and infrastructure, could impact the respective cryptocurrencies. Projects from various sectors – including RWA platforms, Layer-1 blockchains, and gaming protocols – are preparing for these supply changes.

ONDO leads large cliff unlocks

ONDO leads upcoming releases with 1.94 billion tokens worth $2.269 billion scheduled for unlock. This represents 134.21% of current supply, making it the largest release by value and supply impact. Connext (CONX) follows with 4.33 million tokens valued at $85.60 million, adding 376.30% to its circulating supply.

The mid-range unlocks show varied impacts across different sectors:

  • Arbitrum (ARB): 92.65 million tokens worth $67.97 million (2.20% of supply).
  • UXLINK (UXLINK): 26.56 million tokens worth $31.61 million (15.63% of supply).
  • Strike (STRK): 64 million tokens worth $27 million (2.65% of supply).
  • SEI Network (SEI): 55.56 million tokens worth $20.91 million (1.32% of supply).
  • QAI Protocol (QAI): 232,350 tokens worth $19.65 million (4.79% of supply).

Completing the cliff unlocks are ApeCoin (APE) with 15.60 million tokens ($16.74 million, 2.16% of supply), APEX releasing 10 million tokens ($14.90 million, 20.11% of supply), and Prime (PRIME) with 750,000 tokens ($10.01 million, 1.42% of supply). The last two on the list are Cloud (CLOUD), unlocking 48.92 million tokens ($7.49 million, 27.18% of supply), and Pixel (PIXEL) with 54.38 million tokens ($7.42 million, 7.05% of supply).

Worldcoin and Solana lead linear unlocks

The linear unlock schedule shows Solana (SOL) and Worldcoin (WLD) leading in value, with SOL releasing 465,770 tokens worth $86.54 million. However, this represents just 0.10% of its circulating supply. Worldcoin follows with 37.23 million tokens valued at $77.43 million, adding 4.19% to its supply. These scheduled releases maintain steady token distribution for both major Layer-1 and social verification protocols.

TIA Protocol (TIA) plans to release 6.99 million tokens worth $34.52 million, affecting 1.44% of supply, while Avalanche (AVAX) schedules 700,000 tokens valued at $24.99 million, impacting 0.17% of supply. TAO Protocol (TAO) continues with 50,400 tokens worth $21.97 million (0.62% of supply), and Sui Network (SUI) plans to unlock 4.13 million tokens valued at $19.34 million (0.14% of supply).

The remaining linear unlocks include Polkadot (DOT) with 2.81 million tokens ($18.26 million, 0.18% of supply), NEAR Protocol (NEAR) releasing 2.97 million tokens ($14.47 million, 0.25% of supply), and Filecoin (FIL) with 2.24 million tokens ($11.33 million, 0.36% of supply).

The rest of the unlocks include Jito (JTO) releasing 4.20 million tokens ($10.72 million, 1.49% of supply), Ethereum Name Service (ENS) releasing 309,190 tokens ($9.64 million, 0.93% of supply), and MOCA with 41.65 million tokens ($9.02 million, 2.56% of supply).

Less popular token unlocks and gaming tokens

Several smaller market capitalization projects face notable unlocks during this period. Games for a Living (GFAL), trading at $0.00802, prepares to release 121.32 million tokens worth $973,013, representing 1.21% of total locked tokens. The project shows 42.23% unlock progress, suggesting steady distribution of its gaming-focused tokens.

ONDO and CONX lead $2.927 billion token unlocks this week
Source: CoinMarketCap

Blast Royale (NOOB) faces a more substantial supply change relative to its size, with 26.75 million tokens worth $225,846 scheduled for release. At 5.22% of total locked supply, this unlock could impact NOOB’s $1.07 million market cap. Similarly, Kryptonite (SEILOR) approaches its unlock with 42.1 million tokens set for release, showing 65.52% progress in its overall distribution schedule.

The artificial intelligence sector also sees upcoming unlocks, with Artificial Liquid Intelligence (ALI) preparing to release 133.31 million tokens. Despite an 8.51% price decline in recent trading, ALI maintains an $86.16 million market cap and shows 83.50% unlock progress.

Voxies (VOXEL), combining gaming with blockchain technology, plans to unlock 3.85 million tokens while showing 74.22% completion of its distribution schedule. These smaller unlocks, while modest in dollar terms compared to major protocols, often bring higher volatility to their respective tokens due to lower market liquidity and trading volumes.

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