This week, several leading blockchain projects are set for significant token unlocking events, including Solana, Avalanche, and Polkadot.
Key Events of the Week
This week's unlocks are led by Solana (SOL) with a major $112 million event. Metars Genesis (MRS) is also expecting significant token unlocks worth $53.7 million.
Volume and Significance of Unlocks
According to Tokenomist, between December 17th and 24th, tokens worth over $260 million will enter the market. This includes 2.81 million DOT worth $24.35 million, 524,030 SOL valued at $112.33 million, and 700,000 AVAX worth $34.08 million.
Potential Market Impact
Investors may see millions of dollars worth of altcoins enter the market over the next seven days. This is often a bearish sign.
This week's token unlocking events could significantly impact the cryptocurrency market, especially considering the volumes set to be released.
