$575-M Unlocks Threaten Altcoin Rally: Why You Should Monitor Cardano’s ADA, Solana’s JTO

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As a seasoned researcher with years of experience navigating the dynamic world of cryptocurrencies, I find myself constantly intrigued by the ebb and flow of market trends. The upcoming wave of token unlocks, particularly those scheduled for early December, has certainly caught my attention.

Notable figures in the altcoin sector are preparing for a rise in their token counts, as numerous token releases appear imminent, with many significant altcoin projects expected to see increased circulating supplies by the first week of December, based on Tokenomist’s data.

As a crypto investor, I’m excited about the upcoming wave where approximately $578 million in tokens are set to enter the market. What’s intriguing is that delving into different unlocking timetables reveals this is just a fraction, about one-sixth, of the massive $3.5 billion worth of token releases scheduled for December.

Major Altcoin Unlocks Scheduled For Early December

Over the course of the first week in December, a massive amount of tokens worth approximately $574.8 million are expected to be released across the altcoin market. These releases, known as “weekly cliff unlocks,” will take place from December 2nd through December 8th. This influx of new liquidity could potentially disrupt the ongoing altcoin rally by introducing large amounts of tokens into the market.

Outstanding Solana-based JTO holds the top spot, boasting a whopping $496.71 million in tokens set for release, marking a significant 103.32% expansion of its circulating supply. Conversely, Cardano‘s ADA, a more seasoned token, anticipates a more modest disbursement of $19.44 million, equating to only 0.05% of its total stock. While this is worth keeping an eye on, it’s likely to be quickly absorbed by the strong buying enthusiasm currently surrounding ADA.

NEON experiences an increase of approximately 44.92%, adding $21.15 million to its supply, which is a significant development. Notably, TAIKO also saw an unlock of $17.47 million, representing a growth of 11.38%. Additionally, ENA and HFT had notable unlocks worth $9.17 million (0.45%) and $3.11 million (2.87%), respectively.

Weekly Cliff Unlocks : 2 – 8 Dec ’24

$574.8m +

Showcase Increases for:

— Tokenomist (prev. TokenUnlocks) (@Tokenomist_ai) November 29, 2024

How Will These Unlocks Impact Crypto Prices?

Previously restricted tokens, once made accessible, typically flood the open market. This surge in supply might trigger a decrease in price demand, especially when a substantial number of owners decide to sell promptly.

Based on information from Tokenomist.ai, it appears that there could be significant additional token releases in December, with one noteworthy example being Hyperlink (HYPE), which has a massive $1.48 billion worth of tokens scheduled to be distributed.

As an analyst, I find myself pondering over the potential implications of injecting a significant supply into the market, given the current market capitalization of approximately $2.297 billion. If a considerable number of token holders choose to liquidate their unlocked tokens, this could potentially exert a substantial influence on its price movement, which is something I’m closely monitoring.

Speaking of SUI, it’s one of the notable altcoins on the list, holding approximately 2.3% of its total supply, or $218.26 million, that is set to be released. On a similar note, Optimism (OP) has $73.34 million worth of tokens scheduled for unlocking as well.

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2024-12-01 11:41