CONX, ARB and RAIN lead token unlocks as $221M enters circulation this week

Connex and Arbitrum top token unlocks in $221M week, with the sum coming from a combination of one-time cliff unlocks and linear vesting programs.

RAIN alone contributes more than a third of this week’s total, making it the biggest contribution from the linear unlocks category. There are also multiple other tokens involved in the linear unlock schedule, such as Solana, TRUMP, and Dogecoin.

Connex, Arbitrum lead $221M in token unlocks this week

For single one-time cliff unlocks, Connex (CONX) is the most valuable token with a total value of $15.95 million. The unlock comprises 1.32 million tokens and 1.52% of the project’s adjusted released supply. This is the largest value of all cliff unlocks that are due for release during the period from April 13th to April 20th.

The second largest cliff unlock is ARB, with a total amount of 96 million tokens having a total valuation of $10.65 million, representing 1.81% of its adjusted released supply.

De.Fi (DBR) will have the biggest proportionate cliff release of 618.33 million tokens with a valuation of $9.08 million. The smallest one-time cliff release in terms of value is Yeezy (YZY), with a total of 20.83 million tokens and a valuation of $6.36 million.

RAIN and SOL lead linear unlocks

In the linear category, RAIN tops the list of token outflows, valued at $75.67 million per week. The total number of tokens released is 9.50 billion, representing 1.99% of the circulating supply of RAIN.

Solana (SOL) comes in second place in the linear unlock category, valued at $38.22 million from 467,970 tokens. The percentage of the circulating supply is 0.08%. CC ranks third in the linear unlock category, releasing 191.71 million tokens, worth $28.06 million.

TRUMP enters the week with a linear unlock of 6.33 million tokens valued at $17.72 million, or 2.72% of its circulating supply. This is the highest percentage of any linear unlock this week.

Worldcoin (WLD) schedules the release of 37.23 million tokens worth $10.78 million and is 1.14% of circulating supply. Dogecoin (DOGE) adds $8.66 million through a release of 95.06 million tokens, equal to 0.06% of its circulating supply.

Less popular token unlocks

Apart from the ones listed above, there are some other not-so-prominent token unlock events scheduled within the time frame. REVOX (REX) will unlock the next 34.38 million tokens, which is equal to 1.15% of the total locked tokens of the project. The unlock percentage of REVOX is 68.44%.

The next token unlock event of Blast Royale (NOOB) involves 16.94 million NOOB tokens, while the circulating supply is 512 million NOOB. Unlock percentage of Blast Royale (NOOB) is 80.41%. There is another token unlock event for Chainbase (C) where 11.45 million C tokens worth $767,589.48 will be released.

Bubble (BUBBLE) has its next unlock planned for 296.08 million BUBBLE. The circulating supply of Bubble is 3.86 billion BUBBLE, and the unlock percentage achieved so far is 73.02%. Cherry AI (AIBOT) plans to unlock 19.9 million AIBOT tokens as its next unlock event.

Unlock progress for Cherry AI is 36.08%. In summary, the coming events for the week cover projects of various sizes and different token types. The total amount exceeds $221 million, and both cliff and linear unlocking events are included from April 13 to April 20.

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Source: https://www.cryptopolitan.com/connex-arbitrum-lead-221m-in-token-unlocks/