This week, over $91 million in crypto will be unlocked, potentially causing buy or sell pressure for the tokens. Here are the top 7 token unlocks set to take place between December 23 and December 29.
Top 7 Token Unlocks of the Week – Over $91 Million in Crypto
Crypto Rank via X
1. Space ID (ID)
Today, December 23, almost 78.5 million ID tokens will be unlocked, representing over 3.9% of the total token amount. The unlock amount will be $35.32 million or over 18% of the fully diluted market cap of $887 million.
Crypto Rank notes that so far, over 43% of the total token supply has been unlocked.
ID recorded intense volatility today and now, the coin is up by almost 2% in the last 24 hours, having a market cap of over $386 million.
ID price in USD todaySpace ID is a platform that builds a universal name service network.
2. Immutable (IMX)
On December 28, over 24.5 million IMX tokens will be unlocked, representing 1.23% of the total token amount. The unlock amount is over $32.4 million or 1.45% of the fully diluted market cap of the token which is $2.62 billion.
So far, over 85% of the total token supply has been unlocked.
IMX is up by over 2.5% today and now, the coin is trading at $1.36, having a market cap of $2.3 billion.
IMX price in USD todayImmutable claims to be the first L2 scaling solution for NFTs on Ethereum.
3. Grass (GRASS)
On December 29, 3.71 million GRASS tokens will be unlocked, representing 0.37% of the total token amount. The unlock amount is almost $9.5 million, or 1.51% of the fully diluted market cap of the token of $2.51 billion. Almost 25% of the total token supply has been unlocked.
GRASS price is down by over 3% today and the token is trading at $2.51, having a market cap of over $611 million, after an earlier drop to $602 million.
GRASS price in USD todayGrass aims to create a massive web crawler that can access and index the entire Internet.
4. Yield Guild Games (YGG)
On December 28, almost 11.5 million YGG tokens will be unlocked, representing over 1% of the total token supply. The token unlock amount is over $5.5 million, or 2.8% of the fully diluted market cap of the token at $477 million.
So far, over 50% of the total token supply has been unlocked.
Today, the price of YGG is up by over 2% and the coin is trading close to $0.5, having a market cap of over $205 million.
YGG price in USD todayYield Guild Games is a Web3 gaming guild where players can find their community, discover games, and level up together.
5. NFPrompt (NFP)
On December 28, over 14.5 million NFP tokens will be unlocked, representing over 1.4% of the total token supply. The unlock amount is $3.85 million or almost 5% of the fully diluted market cap of the token at $263 million.
So far, over 37% of the total token supply has been unlocked.
Today, NFP is up by over 3% and the coin has a market cap of over $80 million.
NFP price in USD todayNFPromtp is an AI-driven UGC platform for the new generation of Web3 creators.
6. GT Protocol (GTAI)
On December 26, 3.35 million GTAI tokens will be unlocked representing over 4.4% of the total token supply. The unlock amount will be $2.52 million or over 8% of the fully diluted market cap of the token at over $56 million.
So far, almost 49% of the total token supply has been unlocked, according to data from Crypto Rank.
GTAI is up by over 1% today and the coin has a market cap of over $34 million.
GTAI price in USD todayThe GT Protocol ecosystem merges an investment protocol for decentralized Web3 funds management with Blockchain AI Execution Technology.
7. Moonwell (WELL)
Tomorrow, on December 24, 37 million WELL tokens will be unlocked, representing 0.74% of the total token supply. The unlock amount is over $2.3 million or over 1% of the fully diluted market cap of the token at $310 million.
So far, 46% of the total token supply has been unlocked.
WELL is down by over 1% today, and it has a market cap of over $197 million. Earlier the coin’s market cap dropped to lower levels before rebounding to current levels.
WELL price in USD todayMoonwell is an open lending and borrowing protocol on Base, Moonbeam, and Moonriver.
All these token unlocks are important events as they can influence the buying or selling pressure of the tokens, creating volatility in the market.
