Top 7 Token Unlocks of the Week: December 2-8

This week, important crypto unlocks will take place, totaling over $767 million in crypto. These upcoming events could affect the digital assets’ prices due to buying or selling pressure.

Top 7 Token Unlocks of the Upcoming Week

1. Jito Labs (JTO)

On December 7, 136.55 million JTO tokens will be unlocked, representing 13.7% of the total token supply. The unlock amount will be a little over $483 million, or 103.6% of the fully diluted market cap of the token of $3.5 billion.

So far, almost 10% of the tokens have been unlocked, according to CryptoRank data.

Today, December 2, JTO‘s price dropped from over $3.8 to $3.4. Now, the coin’s market cap is over $448 million, seeing a 10% drop in the last 24 hours.

Jito Network is an important contributor to the Solana ecosystem via its JitoSOL liquid staking pool, and its collection of MEV products.

2. Sui (SUI)

On December 3, almost 82 million SUI tokens will be unlocked, representing 0.82% of the total token amount. The unlock amount is a little over $272 million or 2.81% of the fully diluted market cap of SUI, $33.4 billion.

So far, 28.5% of the total SUI amount has been unlocked, according to CryptoRank.

Today, SUI recorded a drop in price of almost 6%. At the moment of writing this article, SUI is trading at $3.2 and it has a market cap of $9.37 billion, after it traded earlier at $3.48.

SUI is an L1 blockchain that supports global crypto adoption, offering a secure, powerful, and scalable development platform.

3. Neon (NEON)

On December 7, over 53.9 million NEON tokens will be unlocked, representing 5.39% of the total token supply. The unlock amount will be over $25 million, or 28% of the fully diluted market cap of the token.

Almost 51% of the total token amount has been unlocked so far.

Today, NEON‘s price surged from $0.43 to over $0.47, before a correction to the current level of $0.42. NEON recorded a surge of almost 3% in the last 24 hours, currently having a market cap of $24.3 million.

Neon EVM is a smart contract on Solana.

4. TARS AI (TAI)

Today, over 28 million TAI tokens are unlocked, representing a little over 3% of the total token amount. The unlock amount of $10.48 million, or almost 6.6% of the fully diluted market cap of the token of $370 million.

Almost 22% of the total token amount has been unlocked.

Today, TAI’s price dropped by 8% and it’s currently trading above $0.35. Earlier, TAI traded at $0.39 and had a market cap of almost $212 million. Now, TAI has a market cap of over $194 million.

TARS is the AI infrastructure for the Solana blockchain. TARS is a scalable infrastructure that allows organizations and individuals to transition from Web2 to Web3.

5. Crypto Farmers (FARM)

Today, 11.26 million FARM tokens will be unlocked, representing 22.5% of the total token amount. The unlock amount is almost $8 million, or 58.2% of the fully diluted market cap of the token which is $35.4 million.

So far, 40.5% of the total token amount has been unlocked.

FARM’s price surged by almost 3% today, and it’s currently trading at $0.72. The token has a current market cap of almost $6.4 million.

CryptoFarmers is a browser-based Web3 adventure where users cultivate digital green thumb to earn real crypto.

6. Sleepless AI (AI)

On December 4, 10.62 million AI tokens will be unlocked, representing a little over 1% of the total token amount. The unlock amount of $7.91 million or 8.2% of the fully diluted market cap of the token which is $744 million.

So far, 24.7% of the total token amount has been unlocked, CryptoRank data notes.

Today, AI‘s price dropped by 7%. AI traded at $0.76 levels before dropping to $0.7. Now, the token has a market cap of over $176 million.

Sleepless AI is a groundbreaking Web3 and AI gaming platform that blends AI and blockchain.

7. Neutron (NTRN)

On December 3, 9.96 million NTRN tokens will be unlocked, representing 1% of the total token amount. The unlock amount is $5.65 million, or 3.51% of the fully diluted market cap of the token of $568 million.

So far, 20% of the total token amount has been unlocked.

Today, NTRN‘s price dropped by over 12%. The token traded close to $0.59 and its price dropped to current levels of $0.51. NTRN currently has a market cap of over $155 million.

Neutron is the most secure cross-chain smart contracting platform, according to the team behind the project.