The cryptocurrency market is bracing for a massive wave of token unlocks totaling over $312 million between November 3 and November 10, according to Tokenomist data. These planned releases may cause short-term volatility in some altcoins as previously locked tokens are put into circulation.
Massive one-time unlock of over $5 million
This week there will be a significant one-time unlock with several tokens valued at over $5 million. These include:
- ENA: $63.05 million worth of tokens (2.52% of supply)
- MEME: $5.22 million (5.98%)
- Transfer: $3.37 million (1.82%)
- BB: $3.07 million (3.85%)
- Red: $1.78 million (2.40%)
- SXT: $1.28 million (1.62%)
- Mavia: $1.15 million (16.92%)
The largest of these is Ethena (ENA), which has over $63 million worth of tokens scheduled to be unlocked and could potentially attract the attention of traders due to its relatively small circulating supply ratio.
Featured large-scale linear unlocking
Another set of tokens will see linear unlocks of over $1 million per day, with new supply gradually spread over a week. These include major names such as Solana (SOL) and Dogecoin (DOGE).
- SOL: $92.2 million (0.09% of supply)
- Trump: $36.68 million (2.45%)
- WLD (World Coin): $30.84 million (1.64%)
- Doge: $17.82 million (0.06%)
- AVAX: $12.96 million (0.16%)
- ASTER: $12.34 million (0.51%)
- TAO: $12.17 million (0.26%)
- Intellectual property: $9.84 million (0.72%)
- ETHFI: $8.34 million (1.51%)
Solana’s $92 million unlock is the week’s largest by value, but represents only 0.09% of circulating supply, suggesting limited impact on prices.
market outlook
Token unlocking often causes short-term selling pressure, especially when the release size is large compared to the circulating supply. However, the overall impact will vary depending on market sentiment and liquidity.
With more than $312 million of tokens flowing into the market in one week, the market could see increased volatility in the affected assets, especially ENA, MEME, and WLD, which have a small liquidity base.
If institutional and retail demand remains stable, much of this new supply could be absorbed without major disruption.
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