This week, significant events in the crypto sphere include token unlocks amounting to over $767 million. These events might affect the prices of digital assets due to changes in supply and demand.
Jito Labs (JTO) Token Unlock
On December 7, 136.55 million JTO tokens will be unlocked, representing 13.7% of the total token supply. The unlock amount will be a little over $483 million, or 103.6% of the fully diluted market cap of the token of $3.5 billion. Almost 10% of the tokens have been unlocked so far. JTO's price has dropped from $3.8 to $3.4, with a market cap of over $448 million.
Sui (SUI) Token Unlock
On December 3, almost 82 million SUI tokens will be unlocked, accounting for 0.82% of the total token amount. The unlock value exceeds $272 million, representing 2.81% of the fully diluted market cap of $33.4 billion. So far, 28.5% of the total SUI amount has been unlocked. Currently, the token is priced at $3.2, with a market cap of $9.37 billion.
Neon (NEON) Token Unlock
On December 7, over 53.9 million NEON tokens will be unlocked, representing 5.39% of the total token supply. The unlock amount will exceed $25 million, or 28% of the fully diluted market cap of the token. Nearly 51% of the total token amount has been unlocked so far. NEON's price surged from $0.43 to over $0.47 before correcting to $0.42, with a market cap of $24.3 million.
Token unlocks have a significant impact on the cryptocurrency market, influencing their prices and market capitalizations. Investors should closely monitor these events and assess their potential for long-term investments.
