NEAR Protocol

Token

Million

Avalanche

This week, the<a href="https://coinpedia.org/news/crypto-live-price-nov-18th-2024-bitcoin-price-holds-steady-mantra-hedera-soar-high/" target="_blank" rel="noreferrer noopener"> cryptocurrency market</a> is set to experience major token unlocks, events that could impact token prices due to changes in supply dynamics. From large one-time releases to gradual unlocks, these developments could create significant market shifts. Here's everything you need to know.   
<h2 class="wp-block-heading" id="h-one-time-token-unlocks-key-players-to-watch">One-Time Token Unlocks: Key Players to Watch</h2>   
Several tokens are scheduled for substantial one-time unlocks, known as cliff unlocks. These include Metars Genesis (MRS), Oasis (ROSE), Cardano (ADA), Pixel (PIXEL), Space ID (ID), Athena (ENA), and Karrat (KARRAT).   
The sudden increase in supply from these unlocks may create short-term downward pressure on prices, especially if demand doesn't keep up.   
Recent Price Movements:   
<ul class="wp-block-list">
  
 <li>Metars Genesis (MRS): +12.3%</li>   
 <li>Oasis (ROSE): +3.0%</li>   
 <li>Cardano (ADA): +29.1%</li>   
 <li>Karrat (KARRAT): +3.0%</li>   
 <li>Pixel (PIXEL): -0.2%</li>   
 <li>Space ID (ID): -1.9%</li>   
 <li>Athena (ENA): -4.4%</li> 
</ul>   
<h2 class="wp-block-heading" id="h-tokens-in-the-linear-unlock-category">Tokens in the Linear Unlock Category</h2>   
In addition to cliff unlocks, some tokens follow a linear unlock schedule, where tokens are released gradually over time. This method spreads out the supply increase, but it can still lead to consistent selling pressure.   
Tokens in this category include Solana (SOL), Worldcoin (WLD), Celestia (TIA), Bittensor (TAO), Avalanche (AVAX), Dogecoin (DOGE), Sei (SEI), NEAR Protocol (NEAR), Polkadot (DOT), Filecoin (FIL), and Arkham (ARKM).   
Recent Price Movements:   
<ul class="wp-block-list">
  
 <li>Solana (SOL): +15.8%</li>   
 <li>Worldcoin (WLD): +4.9%</li>   
 <li>Avalanche (AVAX): +13.1%</li>   
 <li>Dogecoin (DOGE): +29.4%</li>   
 <li>Sei (SEI): +8.8%</li>   
 <li>NEAR Protocol (NEAR): +13.3%</li>   
 <li>Polkadot (DOT): +14.2%</li>   
 <li>Filecoin (FIL): +7.8%</li>   
 <li>Arkham (ARKM): -11.5%</li>   
 <li>Celestia (TIA): -5.9%</li>   
 <li>Bittensor (TAO): -15.5%</li> 
</ul>   
<h2 class="wp-block-heading" id="h-489-million-in-token-unlocks-market-implications">$489 Million in Token Unlocks: Market Implications</h2>   
The total value of token unlocks this week exceeds $489 million, with approximately $79.69 million in single cliff unlocks and $409.95 million in linear unlocks. This increase in supply could drive selling pressure, potentially affecting prices in the short term.   
<h3 class="wp-block-heading" id="h-tokens-to-watch-for-volatility">Tokens to Watch for Volatility</h3>   
<a href="https://coinpedia.org/price-prediction/solana-sol-price-prediction/" target="_blank" rel="noreferrer noopener">Solana</a> (SOL), <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noreferrer noopener">Dogecoin</a> (DOGE), and <a href="https://coinpedia.org/price-prediction/avalanche-avax-price-prediction/" target="_blank" rel="noreferrer noopener">Avalanche</a> (AVAX) are among the key tokens to monitor due to their significant upcoming unlocks. These events may cause noticeable price fluctuations, and both retail and institutional investors will likely track them for potential trading opportunities.   
Solana (SOL):   
<ul class="wp-block-list">
  
 <li>Total Supply: 588,572,278</li>   
 <li>Circulating Supply: 474,594,467 (80.6%)</li>   
 <li>Non-Circulating Supply: 113,977,811 (19.4%)</li>   
 <li>Current Price: $245.78 (+3.1% in the last 24 hours)</li> 
</ul>   [post_titles_links postid="381199"]   
<h3 class="wp-block-heading" id="h-investor-takeaway">Investor Takeaway</h3>   
The $489 million worth of token unlocks this week is likely to introduce price volatility in the crypto market. Investors should pay close attention to tokens like Solana, Dogecoin, and Avalanche, which are expected to see significant supply changes.   
Stay alert for potential market shifts and trading opportunities as these events unfold.

$489M Crypto Token Unlock Alert: Will Prices Crash or Soar?

Table of Contents

CoinPedia News

Other articles published on Nov 18, 2024

Dogen (DOGEN) Price Forecast: Analyst Expects DOGEN to Hit $10, Surpassing ADA and XRP Gains!

Next Crypto Bull Run Coins For Massive Gains

3 Things That Could Impact Bitcoin and Crypto Prices This Week

There is a New Development About a Very Important Milestone in Bitcoin: Document Published

Google AI Chatbot Shocks Student with “Please Die” Message

Starknet’s v0.13.3 Cuts Blob Gas Costs by 5x

Join our free newsletter for daily crypto updates!