- This upcoming week, the crypto market is primed for the unlocking of tokens worth approximately $208.53 million, including ID Coin.
- Such a sizeable influx of tokens could prompt a wave of selling pressure in the market.
- Let’s delve into the specifics of which tokens will be unlocked and what investors might expect from the market dynamics.
Discover how the unlocking of $208.53 million worth of crypto tokens this week could impact market dynamics and investor strategies.
Near Protocol Token Unlocking: Key Details
One of the most significant events this week is the unlocking of Near Protocol (NEAR) tokens, scheduled to happen in a mere five hours. Currently trading at $6.34, NEAR boasts a market cap of around $7 billion. With 94.70% of its total supply already in circulation, this unlocking will introduce 254,683 more NEAR tokens into the market. Over 48 months, NEAR is progressively releasing its tokens, with 88.55% of locked tokens already distributed. This scheduled release constitutes roughly 0.03% of the total market supply, adding to the 11.45% (or $726 million) still locked. The final token release will occur on October 12, 2025.
XPLA Token Unlocking: Market Implications
XPLA, trading at $0.1244 with a market cap of $77.16 million, is another token set for unlocking within the next five hours. This event will release 18.74 million XPLA tokens into the market. To date, 80.75% of these tokens have been unlocked. Today’s release will add another 0.94% to the circulating supply, with the final unlocking slated for December 21, 2026.
MintLayer Token Dynamics
MintLayer, which launched in March 2023, will see another phase of its tokens released. Trading at $0.15, MintLayer has a market cap of approximately $9.67 million, with only 10.70% of its total supply currently in circulation. Notably, 17.51% of its supply is subjected to long-term lock-up schedules that extend to February 2025, gradually releasing 1.12% of tokens monthly. From March to December 2025, the release rate will reduce to 0.35% per month.
Impacts of Token Unlocking on Market Behavior
Aside from NEAR, XPLA, and MintLayer, additional tokens like SAFE, ALT, FP, ID, and FIDA are also scheduled for unlocking. Investors can track a comprehensive list of all token unlocks covering the next 400 days via the Drops Tab. Historically, unlocked tokens exhibit dual investor behaviors: immediate selling to secure profits or staking tokens to earn yields in various protocols, although the latter is not an option for all cryptocurrencies. Some investors might even sell at a loss to reinvest in newer, higher-potential projects, but in most cases, profits are realized from unlocks due to pre-sale or public offering discounted prices.
Conclusion
This week’s token unlocking events could significantly influence market dynamics, primarily through increased supply and potential selling pressure. Savvy investors will strategize based on historical behaviors and market conditions, balancing between selling for profit and staking for yields. The key takeaway is to monitor these developments closely to make informed investment decisions.
