Massive Token Unlocks to Inject $1.69 Billion into Crypto Market

The cryptocurrency sector is preparing for a significant surge in token unlocks. During the seven days, there will be a release of over $1.69 billion of tokens into circulation. Three large projects, Ondo (ONDO), Official Trump (TRUMP), and Arbitrum (ARB), will unlock significant supplies.

Ondo Set to Release $772 Million in ONDO Tokens

Ondo, a token securities protocol for representing real-world assets as tokens, will issue 1.94 billion ONDO tokens on January 18. This unlock will result in the injection of approximately $772.42 million into the market. The cumulative amount of ONDO that has been issued is 3.39 billion tokens.

The unlock constitutes 57.23% of the supply released. Ondo will also invest 825 million ONDO in the development of the protocols. Another 792.05 million will be used to finance ecosystem development. The other 322.56 million tokens will be directed to private sales.

Source: Tokenomist.ai

Official Trump Token Unlocks $271.5 Million

Official Trump (TRUMP) will release 50 million tokens on January 18. The TRUMP meme coin, which is also connected to President Donald Trump, will be released with a value close to $271.5 million. Currently, 414.36 million TRUMP tokens are in circulation.

The unlock makes up 11.95% of the released supply. The TRUMP team will share the unlocked tokens among creators and CIC Digital 3. The smaller portion, amounting to 5 million tokens, will be allocated to CIC Digital 6. The unlock will raise speculation in the market.

Source: Tokenomist.ai

Arbitrum Releases $18.88 Million in ARB Tokens

Arbitrum, a layer-2 Ethereum-based scaling solution, will issue 92.65M ARB tokens on January 16. The value of these tokens is 18.88 million dollars. Arbitrum will help to accelerate Ethereum transactions and reduce fees. The tokens constitute 1.86% of the released supply.

Also Read: XRP DeFi Ignites $100B Breakthrough With Cardano Privacy

The overall supply of ARB is 4.99 billion tokens. Out of the 92.65 million unlocked tokens, 56.13 million will be awarded to the team, advisors, and future team members. Investors will receive the remaining 36.52 million tokens.

Source: Tokenomist.ai

Such token unlocks will improve liquidity in the crypto market. However, investors may also encounter short-term price volatility. The new tokens might cause the market to be volatile due to an increase and drop in supply and demand. The investors must be ready to experience fluctuations in prices in the near future.

Other projects are unlocking tokens this week beyond Ondo, TRUMP, and Arbitrum. The most remarkable unlocks are those of Connex (CONX), Cheelee (CHEEL), and Starknet (STRK). These unlocks have the potential to affect the market in several ways as they unfold. Investors should also monitor these releases to guarantee increased liquidity effects.

The crypto market has a week full of major token unlocks. These releases amounting to more than $1.69 billion will enhance liquidity in the market. Though this has opportunities, it also has risks of volatility in the short term.

Also Read: ONDO Gains Momentum as Market Strengthens Toward a Potential $8 Target