CandleFocus Over $2.6 Billion worth of locked tokens set for release in November
2024-11-05
Author: Content Editor
In November, Tokenomist reported that $2.6 billion in new tokens will be released, with $1.7 billion unlocked linearly and $900 million unlocked on a cliff basis. Projects such as Avalanche, Arbitrum, Optimism, Aptos, and Memecoin will have their tokens unlocked, potentially affecting market prices due to increased supply. However, the increased liquidity could also present new opportunities for investors. Memecoin will release its tokens through both cliff and linear unlocks, with 3.45 billion tokens worth over $37.8 million being released this month. Aptos will unlock 11.3 million tokens worth $93 million, with a portion being distributed to the community, core contributors, investors, and the foundation. Avalanche will release 1.67 million tokens worth $39 million for network growth, while Arbitrum plans to release 92 million ARB tokens to investors and advisors.
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