Token Unlocking Events to Release $260M This Week: Avalanche, Solana Impacted
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- Linear unlocks for the next week are led by Solana (SOL) with a massive $112 million unlocking event.
- Cliff unlocks for the same period are led by Metars Genesis (MRS), unlocking tokens worth $53.7 million.
- DOT, AVAX, NEAR, SUI, and FIL also face linear unlocking events while ID faces cliff unlocking.
A few of the top blockchain projects will have token unlocking events this week. These include Avalanche (AVAX), Dogecoin (DOGE), Polkadot (DOT), Solana (SOL), Sui Network (SUI), Filecoin (FIL), and Near Protocol (NEAR). Investors may see millions of dollars worth of altcoins enter the market over the next seven days. This is often a bearish sign.
Token Unlocks to Release Over $260 Million in Value
Tokenomist (formerly Token Unlocks) reports that between December 17th and December 24th, 2.81 million DOT (0.18% of circulating supply) worth $24.35 million will enter the market. Also, 524,030 SOL (0.11% of circulating supply) worth $112.33 million and 700,000 AVAX (0.17% of circulating supply) worth $34.08 million will unlock.
In addition, 94.47 million DOGE (0.06% of circulating supply) worth $37.73 million, 2.97 million NEAR (0.24 of circulating supply) wor…
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