This week features several significant token unlocks in the cryptocurrency market, including key events with the TRUMP token and linear unlocks of other cryptocurrencies.
TRUMP Token Takes the Lead in Unlocks
The TRUMP token has emerged as the leader among unlocks, planning a release of 90 million tokens worth $865.8 million. This event impacts 45% of the total unlock supply, making it the largest single token unlock by dollar value to date. The CONX token follows with 2.32 million tokens valued at $145.81 million, affecting 3.30% of the total unlock supply. The FTN token plans to unlock 20 million tokens worth $89.80 million, and ZRO will release 25.71 million tokens valued at $56.04 million.
Linear Unlocks in Cryptocurrencies
In the linear unlock segment, the SOL token leads with a daily release of 465.77K tokens worth $75.88 million, impacting 0.09% of its circulating supply. The Worldcoin follows with the daily unlock of 37.23 million WLD tokens totaling $37.23 million. Significant unlocks are also seen in DOGE, Celestia, and Avalanche.
Market Impact and Unlock Progress
Different tokens show varying levels of unlock progress, impacting the market differently. For example, Starknet has 35.86% unlock progress and is set to release 163.04 million STRK tokens, affecting 1.63% of the total locked tokens. Meanwhile, Humanode shows 50.70% unlock progress with an upcoming release of 9.06 million HMND tokens.
This week is packed with token unlocks that could significantly impact the cryptocurrency market, especially with the large-scale event of the TRUMP token unlock. Changes in token supply in the market may create both short-term and long-term effects.
