Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Crypto Markets Anticipate Massive $800M in Token Unlocks This Week: SUI, WLD, SOL, and More

Crypto Markets Anticipate Massive $800M in Token Unlocks This Week: SUI, WLD, SOL, and More

CCNCCN2024/12/29 16:00
By:CCN
Key Takeaways
  • Sui, Worldcoin, and Solana will unlock over $420 million worth of tokens combined.
  • Linear unlocks gradually distribute tokens over a set time period; cliff unlocks are instant.
  • Over $8 billion worth of tokens have been unlocked in December.

Another huge wave of token unlocks worth over $800 million is due to enter the crypto markets throughout the next week and into 2025, putting next month on track to see well over $6 billion in unlocks.

You May Also Like
  • Crypto 3 Altcoins To Watch for Next Week: DOT, LINK and IMX
  • Crypto Cardano (ADA) Stalls at Key Support—Breakout or Breakdown Ahead?
  • Crypto Ripple (XRP) Consolidates Near Key Support Levels With Breakout Potential

Upcoming Linear Token Unlocks

As per data from Tokenomist (formerly TokenUnlocks), hundreds of millions worth of altcoins are scheduled to be steadily dripped into the market via linear unlocks between Dec. 30, 2024, and Jan. 5, 2025.

Leading the linear unlocks is Solana (SOL), which will unload 465,770 SOL worth $88.3 million at today’s price of $189, representing 0.1% of its circulating supply.

It’s closely followed by Worldcoin, which will trickle 37.23 million WLD tokens worth approximately $77 million at today’s price of $2.07, representing 4.48% of its circulating supply.

Other notable unlocks include Celestia, with 6.99 million TIA worth around $33 million, accounting for 1.48% of its circulating supply.

Dogecoin ( DOGE ) is close behind, with 94.47 million tokens worth roughly $29.6 million to enter the market gradually.

Smaller unlocks include Avalanche (AVAX), which will unlock 700,000 worth some $25 million, 50,400 from Bittensor (TAO), valued at $22 million, and Polkadot ( DOT ), which will unlock 2.81 million worth around $18.5 million.

Upcoming Cliff Unlocks

The following tokens will be immediately unlocked via cliff unlocks this week.

The largest will come from Sui, which will unlock 64.19 million SUI worth roughly $256 million, representing 2.19% of its circulating supply.

It’s followed by Optimism (OP), which will drop 31.34 million tokens worth $55 million at today’s prices, representing 2.32% of its circulating supply.

Zeta (ZETA) will unlock 53.89 million tokens worth over $42 million, accounting for a gigantic 9.35% of its circulating supply. Kaspa (KAS) will also be unlocking a sizeable 182.23 million tokens worth just over $20 million, representing 0.72% of its circulating supply.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!