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LayerZero (ZRO) and SOON lead $297m token unlocks this week

In this post:

  • Token unlocks worth $297 million are scheduled between November 17 and November 24.
  • LayerZero leads single large unlocks with $37.28 million in ZRO tokens.
  • Solana dominates daily linear releases with $69.53 million in SOL tokens.

Token unlocks totaling over $297 million are scheduled for the week spanning November 17 to November 24.

Data from Tokenomist identifies both single large cliff unlocks exceeding $5 million and daily linear unlocks surpassing $1 million per day. The releases will affect major projects including LayerZero, SOON, Solana, and several meme coins.

LayerZero leads with $37.28M unlock

LayerZero leads in single large unlocks with 25.71 million tokens valued at $37.28 million. The release represents 7.29% of the project’s unlock supply. ZRO is one of the most-watched releases for the week. The $37.28 million valuation makes it the single largest cliff unlock by dollar value during the seven-day period.

Source: Tokenomist

SOON follows with 15.21 million tokens unlocking, now valued at $25.86 million. The release accounts for 4.33% of the project’s unlock supply. Next, YZY will see 37.50 million tokens, worth $14.59 million, enter circulation. The unlock is 12.50% of the project’s unlock supply.

The total value of SOON and YZY unlocks reaches approximately $40 million, making it the second and third largest single release this week.

ZK and mid-tier unlocks between $5M and $9M

ZK protocols will unlock 173.08 million tokens valued at $8.71 million. The release represents 3.37% of unlock supply. MBG tokens worth $7.31 million will enter circulation, with 15.84 million tokens unlocking.

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This accounts for 9.20% of the project’s unlock supply. KAITO comes next with 8.35 million tokens worth $6.30 million and accounts for 2.97% of unlock supply. ApeCoin (APE) rounds out major cliff unlocks at 15.60 million tokens worth $5.47 million. The release represents 1.66% of unlock supply.

Solana token unlocks dominate daily releases

Solana (SOL) leads all daily linear unlocks with 491.44K tokens valued at $69.53 million. The release represents just 0.09% of the circulating supply.

The $69.53 million Solana unlock exceeds all single cliff releases by a wide margin. TRUMP tokens will see 4.89 million units unlock, valued at $34.48 million. This represents 2.45% of the circulating supply.

Worldcoin (WLD) faces 37.23 million tokens entering circulation, worth $25.47 million. The release accounts for 1.60% of the circulating supply.

Meme coins and major assets face weekly token unlocks

Dogecoin (DOGE) will unlock 97.45 million tokens valued at $15.76 million. The release represents just 0.06% of the meme coin’s massive circulating supply.

ASTER tokens worth $12.59 million will enter circulation with 10.28 million tokens unlocking. This accounts for 0.51% of the circulating supply. Avalanche (AVAX) will release 700,000 tokens valued at $10.94 million, representing 0.16% of the circulating supply.

Bittensor (TAO) faces a smaller unlock of 25.20K tokens worth $8.34 million, accounting for 0.26% of supply. Zcash (ZEC) will unlock 11.03K tokens valued at $7.51 million, representing 0.07% of the circulating supply. ETHFI rounds out the major daily releases with 8.53 million tokens worth $7.63 million.

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Less popular token unlocks

Beyond the major releases, several smaller projects face scheduled unlocks during the week as per CoinMarketCap data. Data shows SubHub (SUBHUB) will unlock 43.86 million tokens valued at $159,735.92. With a current unlock progress of 9.40%, this amounts to 4.38% of the entire locked supply.

Fusionist (ACE) plans to distribute 3.05 million tokens worth $769,009.86. With 52.78% of tokens already unlocked, this represents 2.08% of the total locked supply. 1.78 billion Giants Protocol (G) tokens, valued at $168,972.85, will go into circulation.

15.68 million tokens worth $1.77 million, or 1.57% of the whole locked supply, will be unlocked by Manta Network (MANTA). With 1.18 million tokens valued at $6,949.18, Genopets (GENE) completes the tracking smaller unlocks.

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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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