• CHEEL, APT, and STRK unlocks could shift market liquidity and affect prices, totaling over $1.3B in releases.
  • Cliff unlocks as CHEEL’s 20.81M tokens may impact token supply, shaking investor sentiment.
  • Linear unlocks (e.g., WLD, SOL, DOGE) will gradually increase circulating supply, influencing long-term price trends.

From December 9 to December 16, several major token unlocks will take place, impacting multiple cryptocurrencies as reported by Wu Blockchain on X . These unlocks, amounting to over $1.347 billion, include both large lump-sum releases and linear unlocks. 

Among the prominent tokens set to unlock are CHEEL, APT, CONX, STRK, ADA, SEI, ZKJ, BGB, ENA, WMTX, and AXS. Consequently, these unlocks are expected to increase the circulating supply of these tokens , potentially affecting their price and market stability.

Major Cliff Unlocks Set to Impact the Market

A significant amount of tokens will be released through cliff unlocks. For instance, CHEEL leads with the release of 20.81 million tokens, worth approximately $200.64 million. This release represents a substantial 36.63% of CHEEL’s circulating supply. 

Besides CHEEL, Aptos (APT) will unlock 11.31 million tokens, valued at $159.13 million, amounting to 2.11% of its supply. Moreover, CONX will release 4.33 million tokens, worth $143.02 million, marking a 376.3% increase in supply. Starknet (STRK) will unlock 64 million tokens, valued at $48.53 million, impacting 2.83% of its supply.

According to Tokenomist, the single large-amount unlocking amount greater than $5m in the next 7 days includes CHEEL APT CONX STRK ADA SEI ZKJ BGB ENA WMTX AXS IO EIGEN ACE RENDER, etc., and the linear large-amount unlocking in the next 7 days includes SOL WLD TIA TAO AVAX DOGE… pic.twitter.com/msraEpd8yC

— Wu Blockchain (@WuBlockchain) December 9, 2024

These cliff unlocks are significant for the market, as they will directly impact token availability . For projects like APT and STRK, which are focused on enhancing blockchain scalability and decentralization, the unlock could trigger changes in liquidity and investor sentiment.

Linear Unlocks and Their Impact

Alongside the cliff unlocks, linear unlocks will also take place. One of the most notable releases is WLD, which will release 37.23 million tokens worth $136.25 million, representing 5.04% of its supply. SOL (Solana) will unlock 524,030 tokens valued at $121.36 million, affecting 0.11% of its circulating supply. 

Similarly, TIA will unlock 6.99 million tokens, worth $56.95 million, which represents 1.57% of its supply. Additionally, DOGE will release 94.47 million tokens worth $44.01 million, leading to a slight increase in its circulating supply. By progressively raising the circulating supply over time, the linear unlocks will likewise have a long-lasting impact on the market. As the market reacts to the flood of new tokens, this can cause price swings for the tokens.

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