The Upcoming Token Unlocks: What You Need to Know
Get ready for major token unlocks in the near future. Investors will unlock a total of $208.53 million worth of tokens in the next 7 days. Let’s delve into the details of these upcoming unlocks and how they might impact the crypto market.
Major Token Unlocks on the Horizon
Drops Tab data reveals that 26 tokens are scheduled to unlock in the upcoming seven days. Let’s take a closer look at some of the key tokens set to unlock soon.
Near Protocol
The Near Protocol token is currently priced at $6.34, with a market capitalization of $7 billion. Nearly 95% of the total supply is already in circulation. In the next 5 hours, 254,683 Near tokens will be unlocked. These tokens will be released gradually over a 48-month vesting period. Currently, 11.45% of the total market cap of this token is still locked, amounting to $726 million. The final unlocking round is scheduled for October 12, 2025.
XPLA
XPLA token is trading at $0.1244, with a market cap of $77.16 million. The token is set to unlock in the next 5 hours, releasing a total of 18.74 million XPLA tokens into the market. Nearly 81% of the total locked tokens have already been released. This upcoming unlock will add another 0.94% to the total supply. The final unlocking round is planned for December 21, 2026.
MintLayer
Launched in March 2023, MintLayer token has only 10.70% of its total supply in circulation, with a market cap of $9.67 million and a trading price of $0.15. Around 17.51% of the total supply is locked for long-term vesting. The monthly vesting contract will release 1.12% of the total supply until February 2025, followed by a 0.35% release from March 2025 to December 2025.
- Safe
- ALT
- FP
- ID
- FIDA
Token Unlock Market Impact
When investors unlock vested tokens, historical data shows two main outcomes:
- Profit-taking: Investors may choose to cash out their profits.
- Yield farming: Some investors opt to stake their tokens in various protocols to earn yield rewards.
Staking may not be available for all tokens, and investors sometimes sell released tokens even at a loss to reallocate funds to other promising cryptocurrencies. Many investors have benefited from purchasing tokens during pre-launch or ICO stages.
The Upcoming Token Unlocks: What You Need to Know
Get ready for major token unlocks in the near future. Investors will unlock a total of $208.53 million worth of tokens in the next 7 days. Let’s delve into the details of these upcoming unlocks and how they might impact the crypto market.
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