The crypto ecosystem will experience a sell-off in multiple crypto tokens due to token unlocking. Investors will unlock a total of $208.53 million worth of tokens in the next 7 days. Let’s explore these tokens and what we can expect from the market.
Major Token Unlocks on the Horizon
Drops Tab data reveals that 26 tokens will unlock in the upcoming seven days. Let’s see which ones are at the top.
Near Protocol
Near Protocol. This is because the unlock is in the next 5 hours. This token is currently trading at $6.34 and has a market cap of $7 billion. Currently, 94.70% of the total supply is in circulation. In the next 5 hours, the vesting will release 254,683 Near tokens. Near Protocol will systematically unlock these tokens over a 48-month vesting period. Investors have already received 88.55% of the total locked tokens. This unlock will release another 0.03% of the supply into the market. 11.45% of the total market cap of this token is still locked. This makes a total of $726 million in locked supply. 0.03% of the max supply is released every day. The last unlocking round will happen on October 12, 2025.
XPLA
With a current trading price of $0.1244, XPLA token has a market cap of $77.16 million. This token is also set to unlock in the next 5 hours. This will unlock a total of 18.74 million XPLA tokens into the market. 80.75% of the total locked tokens have already been released. Today’s unlock will release another 0.94% of the supply. The last unlocking round will happen on December 21, 2026.
MintLayer
Launched in March 2023, this token has only 10.70% of its total supply in circulation. With a current market cap of $9.67 million, this token is trading at $0.15. It has 17.51% of the total supply locked for long vesting. Every month, the vesting contract will release 1.12% of the total supply until February 2025. After that, the market will release 0.35% from March 2025 to December 2025.
Along with these 3 tokens, SAFE, ALT, FP, ID, FIDA, and another 18 tokens will be released from the locked supply. You can check the complete list of all tokens set for release in the next 400+ days and plan your actions accordingly.
Token Unlock Market Impact
Historical market data shows two outcomes whenever investors unlock vested tokens. Either investors take out their profit or put the tokens in various protocols for yield rewards. The staking feature is not available for every crypto token. People can sell released tokens even if they are at a loss to invest the amount in other emerging cryptos. In most cases, investors profit from the vested tokens because they purchased them during the pre-launch or ICO rounds.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed