December 2024 Token Unlocks: A Cautionary Look at These Altcoins

Token unlock events, which involve the release of previously locked digital tokens, often create significant market pressure, making them a critical point of focus for traders.

These unlocks can affect the supply and demand dynamics of various cryptocurrencies, influencing their prices.

December Token Unlocks

According to BinCrypto, a total of 5.08 million digital tokens are set to be unlocked in December, with a combined value of $1.99 billion. A substantial portion of these unlocks will occur in the form of “cliff unlocks,” a process where tokens are released at specific intervals—be it weekly, monthly, or annually. For example, Ripple (XRP) unlocks approximately $1 billion worth of tokens each month, although not all tokens may be fully released as planned.

Several major events are slated for December. On December 1st, the SUI network will release 64.19 million tokens, valued at approximately $221.47 million. On December 7th, Jito is set to unlock 135.71 million tokens worth around $498 million. This unlock is poised to make a significant impact in the market, with traders closely monitoring its potential effects.

Aptos (APT) will also be unlocking 11.31 million tokens on December 11th, representing 2.12% of its total supply, with a market value of about $149.85 million. This is another key event to watch, given its substantial impact on the token’s market capitalization.

On December 26th, 92.65 million Arbitrum (ARB) tokens worth $88.8 million will be unlocked. This represents 2.26% of Arbitrum’s total token supply, and traders should be mindful of its possible influence on the token’s price.

Finally, on December 31st, 31.34 million Optimism (OP) tokens will be released, amounting to $75.85 million and constituting 2.5% of its total supply.

In addition to these major unlocks, other tokens like ApeCoin, Immutable X, ZetaChain, Cardano, and C-STARC Net are also preparing for their respective token unlock events. Traders and investors are advised to keep a close eye on these developments, as such events can lead to price volatility in the crypto markets.

For more detailed information on upcoming token unlocks, visit the relevant websites tracking these events.

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