Key Takeaways
- Solana (SOL), Worldcoin (WLD), Bittensor (TAO), and Avalanche (AVAX) will unlock over $170 million worth of tokens combined.
- Linear unlocks distribute tokens gradually over a pre-set time; cliff unlocks happen immediately.
- Token unlocks can result in selling pressure depending on the size and speed of distribution.
Approximately $350 million worth of token unlocks are set to hit the market this week.
Upcoming Linear Unlocks
As per Tokenomist (formerly TokenUnlocks) data, the following altcoin unlocks will be gradually released into the markets via linear unlocks between Oct. 21 and Oct. 28, 2024.
The largest unlock comes from Solana (SOL), which will be dropping 524,030 SOL worth roughly $87.18 million (0.11% of the circulating supply). It is followed by Worldcoin (WLD), which will be unlocking 37.23 million (6.71% of the circulating supply) worth approximately $87.23 million.
Bittensor (TAO) has scheduled 50,400 (0.68% of the circulating supply) worth $29.09 million to unlock this week, and Avalanche (AVAX) will unload 700,000 (0.17% of the circulating supply) valued at around $19.85 million.
Other linear unlocks include:
- Sei (SEI) 35.2 million (0.94% of the circulating supply) or $15.2 million
- NEAR Protocol (NEAR) 2.97 million (0.24% of the circulating supply) or $14.6 million
- Dogecoin (DOGE) 94.47 million (0.06% of the circulating supply) or $13.7 million
- Polkadot (DOT) 2.81 million (0.2% of the circulating supply) or $12.5 million
- Sui (SUI) 4.31 million (0.16% of of the circulating supply) or $8.9 million
- Beam (BEAM) 495.14 million (0.96% of the circulating supply) or $8.8 million
- Filecoin (FIL) 2.24 million (0.38% of the circulating supply) or $8.7 million
Upcoming Cliff Token Unlocks
The following tokens will be immediately dropped into the crypto markets through cliff unlocks by Oct. 28, 2024.
Leading the cliff unlocks, Metars Genesis (MRS) will unlock 10 million (11.87% of the circulating supply) worth $15.7 million. Cardano (ADA) has scheduled 37.06 million (0.1% of the circulating supply) worth $13.5 million.
Apex Protocol (APEX) has a large token unlock of 9.35 million (19.39% of the circulating supply) worth $13.2 million this week, as does Muraski (MURA), with 19.1 million (33.27% of the circulating supply) valued at roughly $12.6 million.
Other cliff unlocks include:
- Solidus Ai Tech Price (AITECH) 80.17 million (7.46% of the circulating supply) or $7.9 million
- SPACE ID (ID) 18.49 million (4.29% of the circulating supply) or $7.6 million
- Yield Guild Games (YGG) 14.08 million (3.64% of the circulating supply) or $7.4 million
- Karrat (KARRAT) 11.36 million (7.93% of the circulating supply) or $6.3 million
- Tribal Finance (TRIBL) 9.6 million (8.3% of the circulating supply) or $6.5 million
- Ethena (ENA) 12.86 million (0.47% of the circulating supply) or $5.1 million
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
