This November, the crypto market anticipates significant token unlocks, which will total around $2.78 billion. When tokens are unlocked, they enter the market and increase supply, potentially impacting prices. Read on to see which five major unlock events are expected to shape market dynamics this month.
What to Know About Token Unlocks
Token unlocks are events where a large number of tokens, previously restricted, enter circulation. There are two types:
- Linear Unlocks: Tokens gradually enter circulation, often daily.
- Cliff Unlocks: Tokens are released all at once on a set schedule, such as weekly or monthly.
Investors monitor these events because they increase token availability, which can lead to selling pressure or price volatility. The largest unlocks this month include Memecoin (MEME), Aptos (APT), Arbitrum (ARB), Avalanche (AVAX), and Optimism (OP).
Memecoin (MEME)
On November 3, Memecoin will release 3.45 billion tokens through an airdrop, followed by a daily release of 10.71 million tokens.
Aptos (APT)
Aptos will unlock 11.31 million APT tokens on November 11, valued at $100.88 million. The distribution includes:
- Foundation: 1.33 million APT ($11.84 million)
- Community: 3.21 million APT ($28.51 million)
- Core Contributors: 3.96 million APT ($35.15 million)
- Investors: 2.81 million APT ($24.93 million)
Arbitrum (ARB)
On November 16, Arbitrum will unlock 92.65 million ARB tokens, worth $48.58 million. The tokens will be divided as follows:
- Team, Future Team, Advisors: 56.13 million ARB ($29.43 million)
- Investors: 36.52 million ARB ($19.15 million)
Avalanche (AVAX)
On November 18, Avalanche will release 1.67 million tokens, valued at around $40.82 million. These tokens will support the Avalanche Foundation’s ecosystem and operational projects.
Optimism (OP)
On November 30, Optimism plans to unlock 31.34 million tokens, valued at $49.52 million. These tokens are split as follows:
- Investors: 14.80 million OP ($23.38 million)
- Core Contributors: 16.54 million OP ($26.14 million)
Major Token Unlocks in November
Token | Unlock Date | Total Tokens Released | Market Value | Key Details |
Memecoin (MEME) | Nov 3 | 3.45 billion (cliff unlock) + 10.71 million daily | – | Massive release for eligible wallets and daily linear unlocks. |
Aptos (APT) | Nov 11 | 11.31 million | $100.88 million | 2.18% of total supply, split across Foundation, Community, Core Contributors, and Investors. |
Arbitrum (ARB) | Nov 16 | 92.65 million | $48.58 million | 2.33% of supply, allocated to team, future team, advisors, and investors. |
Avalanche (AVAX) | Nov 18 | 1.67 million | $40.82 million | Unlock for Avalanche Foundation to support ecosystem growth and partnerships. |
Optimism (OP) | Nov 30 | 31.34 million | $49.52 million | 2.50% of supply, split between investors and core contributors. |
Additional Unlocks
Beyond these major tokens, smaller releases from Starknet (STRK), Immutable (IMX), and ApeCoin (APE) are scheduled, adding to November’s market activity. Each unlock represents potential growth but also the risk of higher selling pressure, depending on market sentiment and investor strategies.
November 3, 2024 at 8:00 pm
Updated November 3, 2024 at 8:00 pm
Remember, investing in cryptocurrencies involves risks, and it’s important to conduct thorough research and seek professional advice before making any financial decisions. (Please keep in mind that this post is solely for informative purposes and should not be construed as financial or investment advice.)
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