Over $2.6 Billion worth of locked tokens set for release in November
The post Over $2.6 Billion worth of locked tokens set for release in November appeared on BitcoinEthereumNews.com.
Tokenomist revealed that $2.6 billion in new token supply is set for release in November. The data tracker specified that approximately $1.7 billion would be unlocked linearly while $900 million in tokens would be unlocked on a cliff basis. According to data from Tokenomist, over $2 billion worth of tokens from projects such as Avalanche and Arbitrum will be unlocked in November. The data tracker revealed token unlocks would include linear and cliff releases. Major crypto projects, including Arbitrum, to unlock in November The upcoming token unlock highlights the end of the different projects’ vesting periods. The token calendar contains meme projects, Layer 1 and Layer 2 blockchains, and DeFi platforms. Among the named blockchain projects set for token unlocks are Optimism, Avalanche, Arbitrum, Aptos, and Memecoin. The unlocks are speculated to negatively affect market prices due to the increased supply. However, the increased liquidity could also present new opportunities for investors. 🚨 November 24 Release: $2.6 Billion in New Token Supply 🚨 November’s set to be a turning point in crypto with $2.62 billion in new token supply about to enter the market Here’s a quick look at the top releases we’re tracking : • $SOL : $366 M• $WLD : $278 M• $CHEEL :… pic.twitter.com/fbSqZgNpFK — Tokenomist (prev. TokenUnlocks) ➡️ Devcon 🇹🇭 (@Tokenomist_ai) November 4, 2024 According to Tokenomist, Memecoin will release its tokens through both cliff and linear unlocks. The data indicated the project would unlock 3.45 billion of its tokens worth over $37.8 million this month. The tokens will be allocated to reward users through an airdrop. The project is scheduled to release 10 million Memecoins daily after its initial release into the market. The additional tokens will be released through the linear method, while the initial launch will be through a cliff release. According to…
Filed under: News - @ November 5, 2024 7:26 am