Token

Cardano

Major

Solana

Worldcoin

The crypto market is set for a turbulent week as major token unlocks worth over $340 million are scheduled to release into circulation. Investors in projects like Neon, Cardano (ADA), Solana (SOL), and Worldcoin (WLD) should be on guard as these releases could lead to increased volatility, presenting both opportunities and risks. 
<a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" decoding="async" class="size-full wp-image-24541 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Qubetics-is-728x90-1-1.jpg" alt="Qubetics is 728x90 1 1" width="728" height="90" title="$340 Million in Token Unlocks This Week: High Volatility Ahead for Major Altcoins 43"></a> 
<h2 id="neon-set-for-major-token-release">Neon Set for Major Token Release</h2> 
Neon, an Ethereum-compatible parallel EVM project on the Solana network, is gearing up to release 53.91 million NEON tokens, valued at approximately $20 million. Scheduled from November 4 to 11, this unlock will add 44% of NEON’s supply to the market. Following a 90% drop in value over the past year, NEON faces potential price pressure as the additional supply could weigh on investor sentiment. 
<h2 id="cardano-and-solana-token-unlocks">Cardano and Solana Token Unlocks</h2> 
Cardano (ADA), with its wide investor base, will release 37 million tokens, worth over $12 million. Amid ongoing macroeconomic challenges, ADA’s increased supply may contribute to its current downtrend. 
Meanwhile, Solana is expected to release one of the largest unlocks, with 524,000 SOL tokens valued at over $85 million entering the market. However, with Solana’s rising popularity in the web3 space, this release’s impact could be tempered by strong demand. 
<img loading="lazy" decoding="async" class="alignnone size-full wp-image-27298" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/Major-Token-Unlocks-in-Crypto-Market-with-symbols-of-popular-altcoins-like-Neon-Cardano-Solana-and-Worldcoin.-Backgroun.webp" alt="Major Token Unlocks in Crypto Market with symbols of popular altcoins like Neon Cardano Solana and Worldcoin. Backgroun" width="1792" height="1024" title="$340 Million in Token Unlocks This Week: High Volatility Ahead for Major Altcoins 44" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/11/Major-Token-Unlocks-in-Crypto-Market-with-symbols-of-popular-altcoins-like-Neon-Cardano-Solana-and-Worldcoin.-Backgroun.webp 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/Major-Token-Unlocks-in-Crypto-Market-with-symbols-of-popular-altcoins-like-Neon-Cardano-Solana-and-Worldcoin.-Backgroun-768x439.webp 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/Major-Token-Unlocks-in-Crypto-Market-with-symbols-of-popular-altcoins-like-Neon-Cardano-Solana-and-Worldcoin.-Backgroun-1536x878.webp 1536w" sizes="(max-width: 1792px) 100vw, 1792px"> 
<h2 id="worldcoin-s-token-unlock-could-add-pressure">Worldcoin’s Token Unlock Could Add Pressure</h2> 
Worldcoin (WLD) will release 37.2 million WLD tokens valued at around $65 million, adding 6.16% of its total supply to circulation. As WLD has lost 85% of its value this year, compared to Bitcoin’s 63% gain, this increased supply could further strain investor sentiment. 
With these significant token unlocks potentially impacting the market, investors should remain vigilant, recalibrate their strategies, and prepare for heightened price volatility. <a href="http://turkishnyradio.com" target="_blank" rel="noopener">Turkish NY Radio</a> will keep you informed on how these events unfold and their impact on the broader crypto landscape.

$340 Million in Token Unlocks This Week: High Volatility Ahead for Major Altcoins

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