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Cryptopolitan 2024-12-16 12:40:59

Arbitrum (ARB) leads $843 million token unlocks this week

The token unlocks set to hit the cryptocurrency market between December 16 and December 23 are valued at approximately $843 million. The releases are divided into two different categories: cliff unlocks, led by Arbitrum’s ARB token release, and linear unlocks, headlined by Worldcoin’s WLD token. The unlock schedule involves both major layer-1 blockchain tokens and new protocol tokens, with varying impacts on their respective circulating supplies. Arbitrum leads large cliff token unlocks ARB leads the upcoming cliff token unlocks, with 92.65 million tokens valued at approximately $96.81 million set for release. According to Tokenomist , this unlock represents 2.26% of ARB’s circulating supply. It is the largest single-unlock event by value in the upcoming week. Mars Protocol (MRS) and Space ID (ID) also present notable unlock events. MRS is releasing 10 million tokens valued at $66.60 million (11.87% of its circulating supply), and ID is unlocking 78.49 million tokens worth $42.55 million (18.23% of its circulating supply). These percentages are within the range where they could have major impacts on markets, particularly for Space ID, where the unlock represents a substantial portion of available tokens. The next tier of large cliff unlocks includes ApeCoin (APE) and QAI Token (QAI). APE is releasing 15.60 million tokens valued at $25.59 million (2.16% of supply), and QAI is unlocking 232,350 tokens worth $22.38 million (5.16% of supply). Cardano (ADA) joins the list with an 18.53 million token unlock, valued at $20.38 million, though its impact on circulating supply is relatively minimal at 0.05%. Elrond eGold (ENA) is releasing 12.86 million tokens valued at $16.60 million (0.44% of supply). Another potentially significant unlock is the Mura token (MURA), with a 20 million token unlock worth $14.58 million, representing 34.84% of its circulating supply. Completing the cliff token unlocks schedule are Pixel (PIXEL) with 54.38 million tokens ($12.87 million, 7.05% of supply), Prime (PRIME) unlocking 750,000 tokens ($11.30 million, 1.46% of supply), and Eigen Layer (EIGEN) with 1.29 million tokens ($6.67 million, 0.61% of supply). In addition, Karrat Protocol (KARRAT) is releasing 11.25 million tokens ($5.88 million, 6.98% of supply), ACE with 1.80 million tokens ($5.18 million, 4.26% of supply), and CATI Protocol (CATI) with 9.90 million tokens ($5.11 million, 4.81% of supply). Worldcoin leads linear token unlocks The linear unlock schedule is headlined by Worldcoin (WLD) and Solana (SOL). WLD is preparing to release 37.23 million tokens valued at $116.15 million (4.80% of circulating supply) and SOL is unlocking 524,030 tokens worth $118.54 million (0.11% of supply). These two projects represent nearly 28% of the total linear unlock value for the week. A substantial second tier of linear unlocks includes TIA Protocol (TIA), releasing 6.99 million tokens valued at $49.13 million (1.54% of supply), and Dogecoin (DOGE), with 94.47 million tokens worth $38.82 million (0.06% of supply). In addition, Avalanche (AVAX) is unlocking 700,000 tokens valued at $35.99 million (0.17% of supply). TAO Protocol (TAO) follows with 50.40 million tokens at $29.43 million (0.68% of supply). The mid-range linear token unlocks feature several prominent blockchain platforms. These include Polkadot (DOT), releasing 2.81 million tokens ($25.61 million, 0.18% of supply), NEAR Protocol (NEAR), with 2.97 million tokens ($20.67 million, 0.24% of supply), and SEI Network (SEI), unlocking 26.97 million tokens ($16.33 million, 0.64% of supply). Filecoin (FIL) also joins with 2.24 million tokens worth $15.45 million (0.37% of supply). Less popular coin unlocks and market impact SuperRare (RARE) stands out with the highest unlock progress at 83.72% of its total schedule. The project is set to release 13.34 million RARE tokens, valued at approximately $1.94 million. Currently trading at $0.1458 with a 2.81% price increase in the last 24 hours, RARE maintains a market capitalization of $104.68 million, suggesting relative market stability despite the impending unlock. Info about token unlocks for RARE, NAI, MSTAR, APE, and STG. Source: CoinMarketCap The upcoming unlocks include several mid-market capitalization projects, with large portions of their supply becoming available. Notably, Nuklai (NAI) will release 371.3 million tokens worth $3.66 million, accounting for 3.89% of locked tokens, while its price has recently declined by 9.71%. MerlinStarter (MSTAR) follows with a 36.44 million token unlock valued at $556,532, representing 5.64% of locked tokens. Particularly noteworthy is Stargate Finance (STG), which shows the highest unlock progress among the group at 94.43%. The protocol will release 14.72 million STG tokens valued at $5.14 million, representing 1.47% of total locked tokens. This high unlock progress suggests the project is nearing the completion of its vesting schedule, which could have implications for long-term token price stability. These coordinated token unlocks, occurring within such a short timeframe, may affect the prices of the respective coins. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

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