In this post:
- Between January 13 and 20, more than $2.927 billion worth of tokens will be unlocked, with ONDO at the top.
- Stablecoins, layer-1s, and gaming are all impacted by these token unlocking initiatives, which include major projects like Solana, Arbitrum, and Worldcoin.
- Due to limited market liquidity, smaller unlocks like Kryptonite and ALI may experience more price fluctuations.
Between January 13 and 20, the cryptocurrency market is expected to see a significant number of token unlocks, with releases totaling more than $2.927 billion planned across several projects.
ONDO is in the lead for cliff unlocks, with 1.94 billion tokens valued at $2.269 billion, or 134.21% of its total supply, according to Tokenomist data. The magnitude of these unlocks may have an effect on the corresponding cryptocurrencies, especially in projects centered around infrastructure and Real World Assets (RWA). Projects from a variety of industries, such as gaming protocols, Layer-1 blockchains, and RWA platforms, are getting ready for these supply shifts.
Large cliff unlocks are led by ONDO.
With 1.94 billion tokens valued at $2.269 billion set to be unlocked, ONDO is the most anticipated release. This is the biggest release in terms of value and supply impact, accounting for 134.21% of the current supply. With 4.33 million tokens worth $85.60 million, Connext (CONX) comes next, increasing its circulating supply by 376.30%.
The mid-range unlocks have a multitude of effects in many sectors:
- Arbitrum (ARB): $67.97 million (2.20% of supply) in 92.65 million tokens.
- UXLINK (UXLINK): 15.63% of supply, or 26.56 million tokens, valued at $31.61 million.
- Strike (STRK): $27 million (2.65% of supply) in 64 million tokens.
- SEI Network (SEI): 1.32% of supply, or 55.56 million tokens, valued at $20.91 million.
- 232,350 tokens valued at $19.65 million (4.79% of supply) make up the QAI Protocol (QAI).
Completing the cliff unlocks are ApeCoin (APE) with 15.60 million tokens ($16.74 million, 2.16% of supply), APEX releasing 10 million tokens ($14.90 million, 20.11% of supply), and Prime (PRIME) with 750,000 tokens ($10.01 million, 1.42% of supply). The last two on the list are Cloud (CLOUD), unlocking 48.92 million tokens ($7.49 million, 27.18% of supply), and Pixel (PIXEL) with 54.38 million tokens ($7.42 million, 7.05% of supply).
Linear unlocks are led by Worldcoin and Solana.
Solana (SOL) and Worldcoin (WLD) are the two most valuable tokens according to the linear unlock schedule; SOL released 465,770 tokens valued at $86.54 million. But this only amounts to 0.10% of the total supply in circulation. With 37.23 million tokens worth $77.43 million, Worldcoin comes in second, increasing its supply by 4.19%. The token distribution for the primary Layer-1 and social verification protocols remains consistent with these planned releases.
Avalanche (AVAX) schedules 700,000 tokens for $24.99 million, affecting 0.17% of supply, while TIA Protocol (TIA) prepares to release 6.99 million tokens worth $34.52 million, affecting 1.44% of supply. Sui Network (SUI) intends to unlock 4.13 million tokens worth $19.34 million (0.14% of the total supply), while TAO Protocol (TAO) continues with 50,400 tokens worth $21.97 million (0.62% of the supply).
The remaining linear unlocks include Polkadot (DOT) with 2.81 million tokens ($18.26 million, 0.18% of supply), NEAR Protocol (NEAR) releasing 2.97 million tokens ($14.47 million, 0.25% of supply), and Filecoin (FIL) with 2.24 million tokens ($11.33 million, 0.36% of supply).
The rest of the unlocks include Jito (JTO) releasing 4.20 million tokens ($10.72 million, 1.49% of supply), Ethereum Name Service (ENS) releasing 309,190 tokens ($9.64 million, 0.93% of supply), and MOCA with 41.65 million tokens ($9.02 million, 2.56% of supply).
Gaming tokens and less common token unlocks
During this time, there will be significant unlocks for a number of lesser market capitalization projects. With a current price of $0.00802, Games for a Living (GFAL) is getting ready to release 121.32 million tokens, or $973,013, which accounts for 1.21% of all locked tokens. The project’s 42.23% unlock progress indicates that its gaming-focused tokens are distributed steadily.
Blast Royale (NOOB), which has 26.75 million tokens valued at $225,846 planned for distribution, is subject to a more significant supply shift in comparison to its size. This unlock can affect NOOB’s $1.07 million market capitalization, which is 5.22% of the whole locked supply. With 42.1 million tokens scheduled for release, Kryptonite (SEILOR) is also getting close to unlocking and has made 65.52% progress toward its overall distribution timeline.
Future unlocks are also anticipated in the artificial intelligence space; Artificial Liquid Intelligence (ALI) is getting ready to release 133.31 million tokens. ALI still has a market capitalization of $86.16 million and has 83.50% unlock progress, despite a recent price drop of 8.51%.
Voxies (VOXEL), which combines blockchain technology with gaming, has 74.22% of its distribution timetable completed and aims to unlock 3.85 million tokens. Despite being minor in value, these smaller unlocks terms compared to major protocols, often bring higher volatility to their respective tokens due to lower market liquidity and trading volumes.
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