Top 7 Token Unlocks to Watch This Week

This week, several major token unlocks are scheduled to take place across the cryptocurrency market. Token unlocks, where previously reserved tokens become available for trading, often influence liquidity, trading volume, and price. As we move from November 17 to November 23, these are the key token unlocks to watch.

The crypto market fell 1.57% in the past 24 hours, extending a 10.5% weekly decline. The Bitcoin price broke below $95k, while the Ethereum price trades around $3k following the crypto market crash.

Aster (ASTR) Leads with $98.62 Million Token Unlock

Aster (ASTR) is among the largest token unlocks for the week. The project will unlock 78.41 million tokens on November 17, which is equal to 0.98% of its total supply. The unlock will have a value of $98.62 million, that is, approximately 3.89% of Aster price market cap. 

A large release often comes with a market cap of $10.01 billion, and thus, the release would influence the price significantly. It is certain that the traders would be very attentive to the market, especially since such huge unlocks usually lead to price fluctuations.

LayerZero (ZRO) and Yooldo (ESPORTS) Scheduled Unlocks

On November 20, LayerZero (ZRO) will free up 24.68 million tokens. The unlocking will be to the tune of $35.43 million. It is 2.47% of LayerZero’s total supply and 10.3% of its market cap. The trading of this token might be more active given that its market cap is fully diluted at $1.43 billion.

On the same day, Yooldo (ESPORTS) will release 41.91 million tokens. The $15.42 million release reflects 4.66% of its total supply and amounts to 25.9% of Yooldo’s market cap. With a total market cap of $330 million, it is clear that the release of this size could lead to price movements for ESPORTS.

Additional Token Unlocks to Watch

Additionally, other projects will experience significant token unlocks during this week. On the 19th of November, Merlin Chain (MERL) will make 36.14 million tokens available to the public. The total value of this release is $12.94 million, and it will comprise 1.72% of the entire supply. Besides, it will take up 3.44% of the total market capitalization of Merlin, which is estimated at $750 million.

On the same date, zkSync (ZK) will unlock 173.41 million tokens, which is 0.83% of the total supply. The value of this unlock is $8.67 million, which corresponds to 2.4% of zkSync’s market cap. Just a day before, on the 18th of November, Lombard (BARD) will unlock 10.31 million tokens, which will be worth $7.62 million. This release signifies 1.03% of the total supply and 4.58% of the market cap.

To sum up, Kaito (KAITO) will be unlocking 8.34 million tokens one day later, that is on November 20th. The value of this release will be $6.47 million. This release will be 0.83% of Kaito’s total supply and 3.46% of its market cap.

While these unlocks are taking place, the participants in the market will be paying a lot of attention to the effects on the market sentiment as well as liquidity.