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November Token Unlocks: $2.78 Billion Set to Hit the Market

November Token Unlocks: $2.78 Billion Set to Hit the Market

BeInCrypto2024/11/01 04:30
By: Daria Krasnova
ARB-2.64%OP-2.59%APT-1.84%
November’s token unlocks, valued at approximately $2.78 billion, could influence the market by introducing new supply.

The crypto market is preparing for several significant unlocks this month, with around $2.78 billion in tokens scheduled for release in November.

BeInCrypto has highlighted the top five unlocks that will introduce a substantial influx of assets into the market.

November Token Unlocks: What to Expect

According to Tokenomist (formerly Token Unlocks) data, nearly $1 billion of this month’s token unlocks are classified as cliff unlocks. In token unlock events, a cliff refers to tokens released on a periodic schedule rather than daily, such as on a weekly, monthly, or yearly basis.

Since token unlocks introduce previously unavailable tokens into circulation, investors and traders closely monitor these events because they affect the market environment. While some view these events as growth opportunities, they also carry the risk of increased selling pressure.

Read more: Tokenomics Explained: The Economics of Cryptocurrency Tokens

November Token Unlocks: $2.78 Billion Set to Hit the Market image 0Cliff Unlocks in November 2024. Source: Tokenomist

This month’s most significant cliff token unlocks include Memecoin (MEME), Aptos (APT), Arbitrum (ARB), Avalanche (AVAX), and Optimism (OP).

Memecoin (MEME)

On November 3, Memecoin will unlock 3.45 billion MEME tokens for distribution to wallets eligible for the airdrop. Additionally, a linear unlock series will begin, adding 10.71 million tokens to the circulating supply daily.

Read more: 11 Top Solana Meme Coins to Watch in November 2024

November Token Unlocks: $2.78 Billion Set to Hit the Market image 1MEME Unlock. Source: Tokenomist

Aptos (APT)

Aptos’ unlock on November 11 will see 11.31 million APT tokens enter the market. This figure equals 2.18% of APT’s total supply, with a total value of $100.88 million.

The distribution of these tokens will be as follows:

  • Foundation: 1.33 million APT ($11.84 million)
  • Community: 3.21 million APT ($28.51 million)
  • Core contributors: 3.96 million APT ($35.15 million)
  • Investors: 2.81 million APT ($24.93 million)

Read more: Where To Buy Aptos (APT): 5 Best Platforms for 2024

November Token Unlocks: $2.78 Billion Set to Hit the Market image 2APT Unlock. Source: Tokenomist

Arbitrum (ARB)

On November 16, Arbitrum will release 92.65 million ARB tokens, worth $48.58 million. This significant unlock represents 2.33% of ARB’s circulating supply. The distribution of these tokens will be as follows:

  • Team, future team, and advisors: 56.13 million ARB ($29.43 million)
  • Investors: 36.52 million ARB ($19.15 million)

Read more: 5 Best Arbitrum (ARB) Wallets in 2024

November Token Unlocks: $2.78 Billion Set to Hit the Market image 3ARB Unlock. Source: Tokenomist

Avalanche (AVAX)

On November 18, Avalanche is set to unlock 1.67 million tokens, valued at roughly $40.82 million. These tokens are specifically allocated to the Avalanche Foundation as part of the project’s broader token release schedule. The release aims to support the foundation’s initiatives, which include ecosystem development, strategic partnerships, and ongoing operational costs. 

Read more: How To Buy Avalanche (AVAX) and Everything You Need To Know

November Token Unlocks: $2.78 Billion Set to Hit the Market image 4AVAX Unlock. Source: Tokenomist

Optimism (OP)

On November 30, Optimism will unlock 31.34 million tokens. These tokens, worth approximately $49.52 million, account for 2.50% of its circulating supply. The distribution of these tokens will be as follows:

  • Investors: 14.80 million OP ($23.38 million)
  • Core contributors: 16.54 million OP ($26.14 milliom)

Read more: Optimism vs. Arbitrum: Ethereum Layer-2 Rollups Compared

November Token Unlocks: $2.78 Billion Set to Hit the Market image 5OP Unlock. Source: Tokenomist

Beyond these major unlocks, the market will also see cliff token unlocks from other notable projects in November, including Starknet (STRK), Immutable (IMX), and ApeCoin (APE).

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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