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Cryptopolitan 2024-12-02 10:15:11

Jito tops $1.14 billion token unlocks, Solana spearheads linear unlocks

The cryptocurrency market faces a substantial supply expansion between December 2 and December 9, with Jito (JTO) leading cliff-based token unlocks. According to the data from Tokenomist , the total value of scheduled unlocks exceeds $1.14 billion. This marks one of the largest coordinated token releases in recent market history. Jito leads cliff-based token releases Jito stands at the forefront, with 137.44 million tokens valued at $507.14 million scheduled for release. This represents 104.32% of Jito’s current circulating supply. This massive unlock is followed by NEON’s planned release of 53.91 million tokens worth $24.01 million. It will impact 44.92% of its supply. The cliff unlock schedule continues with Cardano (ADA) releasing 18.53 million tokens ($21.31 million). However, this represents a mere 0.05% of its total supply. TAIKO follows with 9.29 million tokens ($20.25 million), affecting 11.38% of supply, while BANANA plans to release 250.00K tokens ($16.66 million), impacting 7.21% of circulation. Additional releases include ENA’s 12.86 million tokens ($10.57 million) and AGI’s 34.66 tokens ($8.06 million). Solana leads linear token unlocks The linear unlock sector is dominated by established projects, with Solana (SOL) releasing 524.03K tokens valued at $123.34 million (0.11% of supply) and Worldcoin (WLD) releasing 37.23 million tokens worth $124.71 million (5.16% of supply). These controlled releases demonstrate a more measured approach to supply management. Other major linear unlocks include: &]:mt-2 list-disc space-y-2 pl-8"> TIA: 6.99 million tokens ($55.42 million), 1.60% of supply DOGE: 94.47 million tokens ($42.91 million), 0.06% of supply TAO: 50.40K tokens ($31.87 million), 0.68% of supply AVAX: 700.00K tokens ($31.75 million), 0.17% of supply SEI: 26.97 million tokens ($17.36 million), 0.68% of supply The schedule extends to include NEAR, SUI, DOT, FIL, ENS, ARKM, and ATOM, with values ranging from $7.23 million to $26.40 million, representing varying percentages of their respective circulating supplies. Less popular token unlocks Several lesser-known projects show a considerable amount of upcoming unlocks that could impact their market dynamics. According to CoinMarketCap data , Neutron (NTRN) displays 19.98% unlock progress toward releasing 9.96 million tokens ($5.21M) at a current price of $0.5235, despite an 11.85% daily decline. Source: CoinMarketCap Flash Protocol (FLASH) demonstrates 16.74% progress with 163.83 million tokens ($24.17 million) scheduled, while trading at $0.0001475 with a 4.22% daily gain. Cyber Arena (CAT) shows particularly strong unlock progress at 52.93%, approaching its 63.37 million token release. Arcana Network (XAR) and BRC App (BRCT) are also preparing large releases, with XAR at 22.59% progress toward 24.59 million tokens and BRCT reaching 49.84% progress for its 45.89 million token unlock. The diverse range of unlock structures and sizes suggests varying potential market impacts across different cryptocurrency segments. Projects with large supply increases relative to circulation, such as Jito (104.32%) and NEON (44.92%), may experience heightened price volatility. The price of Jito is currently down by over 9.5% in the last 24 hours. In contrast, established projects employing linear unlock strategies might see more stable price action. Traders and investors should monitor these events carefully, particularly for tokens where unlocks represent substantial portions of circulating supply. The gradual nature of linear unlocks for major projects like SOL, WLD, and DOGE may help maintain market stability, while smaller projects’ cliff unlocks could create more immediate price impacts. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

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