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Join Telegram ChannelToken unlock events, which involve the release of previously locked digital tokens, often create significant market pressure, making them an important focal point for traders.
This opening can affect the supply and demand dynamics of various cryptocurrencies, thereby influencing their prices.
December Token Open
According to BinCryptoa total of 5.08 million digital tokens will be unlocked in December, with a combined value of $1.99 billion. Most of these unlocks will occur in the form of “cliff unlocks,” a process in which tokens are released at certain intervals—whether weekly, monthly, or yearly. For example, Ripple (XRP) unlocks around $1 billion worth of tokens every month, although not all tokens can be released completely as planned.
Several major events are scheduled for December. On December 1, SUI the network will release 64.19 million tokens, worth approximately $221.47 million. On December 7, Jito is set to unlock 135.71 million tokens worth approximately $498 million. The opening is expected to have a significant impact on the market, and traders are closely monitoring the potential impact.
Aptos (APT) will also unlock 11.31 million tokens on December 11, representing 2.12% of its total supply, with a market value of approximately $149.85 million. This is another important event to watch, considering its huge impact on the token's market capitalization.
December 26, 92.65 million Arbitrage (ARB) tokens worth $88.8 million will be unlocked. This represents 2.26% of the total Arbitrum token supply, and traders should be aware of its possible impact on the token price.
Lastly on December 31, 31.34 million Optimism (op) tokens will be released, totaling $75.85 million and accounting for 2.5% of its total supply.
Apart from this main unlock, other tokens are also similar ApeCoin, Immortal X, ZetaChain, Cardano, and C-STARC Net are also preparing for their respective token opening events. Traders and investors are advised to keep a close eye on these developments, as such events may cause price volatility in the crypto market.
For more detailed information about upcoming token unlocks, visit the relevant websites that track these events.