This week important token unlocks totaling over $58 million in crypto are set to take place, potentially affecting the coins’ prices.
Here are the most important token unlocks of the week.
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Top 7 Crypto Token Unlocks
1. Neon (NEON)
According to data from CryptoRank, so far, 45.5% of the total token amount has been unlocked.
During the past seven days, NEON’s price recorded a descendant trajectory and the coin is down by 18% at the moment of writing this article. Its total market cap is over $21 million and the coin is priced above $0.36.
2. Conflux (CFX)
During the past seven days, the coin recorded a downward trend, from price levels at $0.15. Now, the coin is trading at $0.13 and it has a market cap of almost $600 million.
3. Galxe (GAL)
So far, over 65% of the total token amount has been unlocked.
GAL is now priced at $1.72 and it has a market cap of over $16 million.
4. Xai (XAI)
So far, over 22% of the total token supply has been unlocked.
In the past week, XAI had a descendant trend that debuted on October 30 from $0.22 levels. Now, the coin is trading at $0.17 and it has a market cap of over $129 million.
5. Cellana Finance (CELL)
So far, over 18% of the total token amount has been unlocked.
During the past seven days, the price of CELL dropped from $0.04 levels to current prices above $0.03. The coin has a market cap of over $10 million.
Cellana is a community-owned DEX on the Aptos network.
6. Sleepless AI (AI)
So far, 23.6% of AI tokens have been unlocked, according to data from CryptoRank.
Last week the price of AI dropped from $0.4 levels on October 29 to today’s price of $0.32. The token has a market cap of over $78 million.
Sleepless AI is a Web3 and AI gaming platform.
7. Cetus Protocol (CETUS)
So far, over 33% of the total token amount has been unlocked.
In the past week, CETUS price spiked to levels above $0.19 on November 1, and it’s now trading at $0.17 today, with a market cap of over $48 million.
Cetus is a DEX and concentrated liquidity protocol built on SUI and Aptos blockchains.
Token unlocks are important events because they can influence the selling or buying pressure for the coins.