Tokenomist’s (formerly Token Unlock) data shows that crypto will start the new year by unlocking approximately $7 Billion in tokens throughout January.
To prevent early investors from selling off large amounts of cryptocurrency, crypto unlocks allow for a slow release.
This process, while it ensures that tokens are distributed in a controlled manner, usually results in a short-term drop of prices. Recent analyses show that token unlocks have a negative impact on prices. However, the full effects can take several weeks.
January unlock
January’s unlocking schedule includes a mix of one-time “cliff”Unlocks and steadies “linear” releases. Cliff unlocks—large, one-time releases—linear unlocks will distribute tokens gradually throughout the month.
At least $1 billion in tokens are expected to be distributed during the first two weeks, and $3.7 Billion is anticipated for the third week (between Jan.13-19).
This event saw tokens allocated to investors, community reserves and the Mysten Labs treasury. This event distributed tokens among investors, the community reserve, and Mysten Labs’ treasury.
ZetaChain, meanwhile, unlocked 54,000,000 ZETA Tokens valued at 42 million dollars to support growth initiatives and advisory roles as well as liquidity incentives.
The following are also significant unlocked this month:
- Kaspa (KAS): On Jan. 6, 2018, 182,23 millions tokens, worth $20,000,000 will be released.
- Ethena (ENA): By Jan. 8, unlock 12,000,000 tokens valued at $12,16 million to support ecosystem development.
- Optimism (OP): Distribution of 31.34 Million tokens, valued at $57,000,000 by January 9.
Linear unlock
Linear unlocks that distribute tokens every day, and are led by several prominent projects, provide a constant stream of supply all month long.
The following are the key projects that fall under this category:
- Solana (SOL): Daily token sales of $14 Million
- Worldcoin, or WLD (Worldcoin) Release $12.4 Million per day
- Celestia (TIA). Unlocking $5.1 million daily.
- Dogecoin is a cryptocurrency. Daily release of $4.63 millions
- Avalanche (AVAX): Unlocking $4.02 million per day.
- Polkadot (DOT): Distributing $2.94 million daily.
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