2024

Arbitrum

MEME

Memecoin

Locked digital assets worth $2.68 billion will hit the market in November as vesting periods for blockchain-based projects expire.
According to vesting data tracker Tokenomist (formerly Token Unlocks), $2.68 billion in crypto assets will be unlocked in November. Over $900 million in tokens will be unlocked on a cliff basis, while about $1.7 billion will be unlocked linearly.&nbsp;
The most noteworthy token unlocks in November 2024 belong to projects like Memecoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/memecoin-price-index" rel="null" target="null" text="null" title="null">MEME</a>), Aptos (<a data-ct-non-breakable="null" href="https://cointelegraph.com/aptos-apt-price-index" rel="null" target="null" text="null" title="null">APT</a>), Arbitrum (<a data-ct-non-breakable="null" href="https://cointelegraph.com/arbitrum-price-index" rel="null" target="null" text="null" title="null">ARB</a>), Avalanche (<a data-ct-non-breakable="null" href="https://cointelegraph.com/avalanche-price-index" rel="null" target="null" text="null" title="null">AVAX</a>) and Optimism (<a data-ct-non-breakable="null" href="https://cointelegraph.com/optimism-price-index" rel="null" target="null" text="null" title="null">OP</a>).&nbsp;
<a data-ct-non-breakable="null" href="https://cointelegraph.com/explained/vesting-in-crypto-explained" rel="null" target="null" text="null" title="null">Crypto token vesting</a> is a practice in the digital asset space to prevent early investors or project team members from dumping tokens before a project matures. It also locks crypto assets to prevent holders from selling all at once and putting pressure on the markets, which may lead to a downturn in crypto token prices.&nbsp;
<h2 id="biggest-token-unlocks-in-november">Biggest token unlocks in November</h2>
Meme-project Memecoin is set to <a data-ct-non-breakable="null" href="https://tokenomist.ai/memecoin-2" rel="null" target="null" text="null" title="null">unlock</a> 3.45 billion coins, worth about $37.8 million for its airdrop. Apart from the cliff unlock, it would also perform a linear token unlock for its contributors. This would be over 10 million MEME tokens daily, worth about $117,000. The MEME token’s price currently hovers at $0.010, 81% lower than its 2024 high of 0.053.
<figure>
 <img alt="Crypto projects set to unlock $2.6B in tokens in November" src="https://s3.cointelegraph.com/uploads/2024-11/0192f112-b7f3-7c58-9a92-80d737e04f64" title="">
 <figcaption style="text-align: center;">
 Unlock progress for the MEME token. Source: Tokenomist
 </figcaption>
</figure>
Layer-1 blockchain Aptos will unlock another 11.31 million tokens worth $93 million. About $32 million will go to the project’s core contributors, $26 million to the community, $11 million to the foundation and $23 million to its investors. The APT token currently trades at around $8.24, 54% below its 2024 high of $18.14.&nbsp;
Avalanche will also unlock 1.67 million AVAX tokens worth $39 million for its foundation, while Optimism will unlock 31.4 million tokens worth $44 million for its investors and core contributors.&nbsp;
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-whale-selloffs-token-unlocks-stall-bullish-rally" rel="null" target="null" text="null" title="null">$2.39 in January Whale sell-offs and token unlocks weigh on Bitcoin — 10x Research</a>
<h2 id="arbitrum-unlocks-more-tokens">Arbitrum unlocks more tokens</h2>
Meanwhile, the Ethereum layer-2 network Arbitrum will release 92.65 million tokens worth $45 million. The crypto tokens are allocated to its investors, team and advisers. On March 16, Arbitrum <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/arbitrum-2-billion-vested-token-unlock" rel="null" target="null" text="null" title="null">released 1.1 billion tokens</a> worth $2.32 billion.
<figure>
 <img alt="Crypto projects set to unlock $2.6B in tokens in November" src="https://s3.cointelegraph.com/uploads/2024-11/0192f112-5eaf-747d-a6a0-f65f4d1fc290" title="">
 <figcaption style="text-align: center;">
 Arbitrum’s 1-year price chart. Source: CoinGecko
 </figcaption>
</figure>
Since its massive token unlock, ARB’s price started to go on a downward trend. The token now trades at about $0.48, 79% lower than its all-time high of $2.39 on Jan. 12.&nbsp;
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/victims-ftx-hong-kong-civil-suit-gemini-singapore-express/" rel="null" target="null" text="null" title="null">‘Hong Kong’s FTX’ victims win lawsuit, bankers bash stablecoins: Asia Express</a>

Crypto projects set to unlock $2.6B in tokens in November

Table of Contents

Cointelegraph

Other articles published on Nov 3, 2024

Solana Memecoin Republican Pepe (PEPEREP) to Skyrocket 16,000% Before Exchange Listing, As DOGE a...

Ministry of Communications names Emeka Afigbo, Iyin Aboyeji, others in 3MTT Advisory Committee

Wiz Khalifa’s Twitter allegedly hacked to promote scam coin

RNDR’s Price Action: Key Resistance Levels and Market Trends to Watch

TBILL Dominates Tokenized Securities Market Amid Calls for Ethical Standards

Trump’s lead over Harris on Polymarket weakens, as Bitcoin drops to $68,000

Join our free newsletter for daily crypto updates!