CandleFocus Cardano and Solana Set to Unlock $85M+ Within This Period
2024-10-07
Author: Content Editor
Cardano (ADA) and Solana (SOL) are set to release a combined value of over $85 million worth of tokens into circulation this month. Solana will unlock 524,030 SOL tokens, worth approximately $78.57 million, while Cardano will unlock 18.53 million ADA tokens, valued at $6.5 million. These unlocks could impact market conditions, although the effect may vary. Solana's token unlocks are part of a planned annual process to increase circulation and reduce inflation, while Cardano's unlocks are tied to developmental milestones. The crypto market is also seeing a broader trend of token unlocks, with over $451 million worth of tokens becoming available from various projects.
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