Major cryptocurrency projects are set to release tokens worth $2.31 billion as their vesting periods conclude, impacting the market.
Points
- Overview of upcoming token unlocks
- Impact on the market
- Specific projects involved
Over the next 30 days, major cryptocurrency projects will release tokens worth a total of $2.31 billion as their vesting periods conclude. These crypto unlocks are significant events that can have a substantial impact on the market.
Crypto vesting restricts early investors and team members from selling their tokens by locking them up, preventing a decline in the project’s token price during its initial stages. According to vesting data tracker Token Unlocks, the largest amount of crypto assets scheduled for release includes tokens from Solana （SOL）, Worldcoin （WLD）, Avalanche （AVAX）, Wormhole （W）, and The Sandbox （SAND）.
For example, Solana will introduce nearly $100 million worth of SOL tokens into circulation. Solana began its current token unlock schedule in December 2023 and will implement a new model on December 26, 2024, releasing 66,540 SOL tokens daily.
Worldcoin will unlock 5.32 million WLD tokens valued at over $11.64 million. In April, Worldcoin developer Tools for Humanity announced an extension of the unlock schedule for 80% of Worldcoin （WLD） tokens, pushing the release period to July 2028.
Wormhole will release $3.49 million worth of W tokens, part of ongoing plans to distribute assets to community members and support the ecosystem treasury.
解説
- Token unlocks: These events can significantly impact the market by increasing the supply of tokens and affecting their prices.
- Specific projects: Solana, Worldcoin, Avalanche, Wormhole, and The Sandbox are among the projects with upcoming token unlocks.
- Market implications: Understanding the impact of these unlocks can help investors make informed decisions about their portfolios.