Cheelee and Worldcoin Lead in Upcoming $730M Token Unlock Wave

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As someone who has navigated through numerous market cycles and seen the ebb and flow of token unlock schedules, I must say that this upcoming week promises to be quite intriguing. The significant movements in supply from established players like Avalanche, NEAR, and DOGE, as well as emerging projects such as Sipher, ChainGPT, and Ordify, are bound to stir up a storm in the cryptocurrency world.

A significant release of tokens worth over $730 million, predominantly from Cheelee (CHEEL) and Worldcoin (WLD), is expected to impact the cryptocurrency market this week. Cheelee is spearheading the cliff-style unlocks, while Worldcoin dominates the linear schedule.

20.81 million CHEEL tokens, worth approximately $196 million, are set to be released from Cheelee’s cliff-top storage, making up about 36.63% of its circulating supply. Not far behind, Aptos (APT) will unlock around $150 million in tokens, which equates to a small 2.11% of its total supply.

Significantly, “cliff releases” represent a category of token distribution schedules in which a substantial amount of tokens are made available at once, usually following a fixed duration. This duration is often called the “timeline for release”, but more commonly known as the “cliff”.

Beyond Cheelee and Aptos, significant cliff-based releases also feature Cardano (ADA) with 37.06 million tokens valued at $43.36 million, representing a minuscule 0.10% of its total supply. Additionally, SEI plans to release approximately $55.80 million in tokens. Smaller but influential unlocks involve BGB (worth around $14.46 million) and AXS (valued at about $7.54 million), each playing a part in the dynamic token market activity.

Worldcoin Leads Linear Token Unlock

Regarding the progress in sequential token releases, Worldcoin (WLD) is stepping forward as a significant contender, set to distribute approximately 37.23 million tokens worth around $136.25 million. This amounts to 5.04% of WLD’s total circulating supply, positioning it ahead of Solana (SOL), which currently holds a market cap of $107.94 billion and is planning a comparatively smaller release of roughly $121.36 million, affecting only 0.11% of its supply.

As a crypto investor, I’ve noticed that the trend is extending to altcoins like TIA ($7.63) and DOGE ($0.43), which are holding strong in mid-tier linear unlock schedules. Notably, TIA has a 24h volatility of 8.0% with a market cap of $3.40 billion, while DOGE boasts a 24h volatility of 5.6% and a market cap of $63.50 billion.

Significantly, the term “linear unlock” describes a system for releasing digital currencies incrementally across a defined timeframe, usually at an even rate or linearly.

Smaller Projects Make Their Mark

In this release cycle, projects like Sipher (SIPHER) and Ordify (ORFY) are releasing substantial amounts of their holdings. Specifically, Sipher holds 15.6 million tokens, worth around $2.07 million, accounting for 1.56% of its total locked supply. Here’s a quick snapshot:

In a nearly complete unlock phase, PlayDapp (PDA) gears up to distribute approximately 8.14 million tokens, valued at around $505,986. Meanwhile, LayerAI (LAI) concludes smaller token unlocks, with roughly 55.91 million tokens worth about $1.09 million.

Next week’s token release events may present a mix of advantages and obstacles, as the market adjusts to these significant shifts in supply.

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2024-12-09 15:51