Weekly Token Unlocks: Major Releases for ARB, APE, QAI, and More

Upcoming Token Unlocks and Their Impact

In the rapidly evolving world of cryptocurrencies, token unlock events play a significant role in market dynamics. Below is a list of several upcoming token unlocks with their respective details, providing insights into potential market movements.

1. Arbitrum (ARB)

On December 16, 2023, at 1:00 PM (UTC+0), approximately 92.65 million ARB tokens will be unlocked. This represents about 2.26% of the circulating supply, with an estimated market value of $91.4 million. This significant unlock could influence price volatility and trading volume for Arbitrum.

2. ApeCoin (APE)

The ApeCoin project will see around 15.6 million tokens unlocked on December 17, 2023, at 12:30 PM (UTC+0). This amount accounts for 2.16% of its circulating supply, translating to a value of approximately $24 million. Investors should monitor changes in demand during this unlock event.

3. Cardano (ADA)

On the same day as Arbitrum, Cardano will unlock a total of 18.53 million ADA tokens, which is a mere 0.05% of its circulating supply. Scheduled for December 16, 2023, at 12:00 AM (UTC+0), these tokens are valued at roughly $20.1 million and may affect market sentiment for ADA.

4. Pixels (PIXEL)

A larger unlock is set for Pixels, with approximately 54.38 million tokens (7.05% of its circulating supply) becoming available on December 19, 2023, at 10:00 AM (UTC+0). This event holds a combined value of about $12.1 million and could significantly impact market movement.

5. Ethena (ENA)

On December 18, 2023, at 7:00 AM (UTC+0), Ethena will unlock around 12.86 million tokens, representing 0.44% of its supply, worth about $14.7 million. The unlock timing may align with greater trading activity.

6. Eigenlayer (EIGEN)

Eigenlayer is scheduled to unlock approximately 1.29 million tokens on December 17, 2023, at 7:00 PM (UTC+0). This amounts to 0.61% of its circulating supply, valued at around $6.2 million.

7. Fusionist (ACE)

Fusionist will see roughly 1.8 million tokens unlocked on December 18, 2023, at 12:00 AM (UTC+0). This constitutes 4.26% of its supply, with a total worth of about $4.9 million.

8. Catizen (CATI)

On the same date, Catizen anticipates an unlock of approximately 9.9 million tokens (4.81% of its circulating supply) at 12:00 AM (UTC+0), valued around $4.9 million.

9. Hooked Protocol (HOOK)

Finally, on December 20, 2023, at 12:00 AM (UTC+0), Hooked Protocol will unlock about 4.17 million tokens (1.97% of its supply), totaling approximately $2.3 million in value.

Conclusion

As these token unlock events occur, traders and investors should prepare for potential market fluctuations. Staying informed about the scheduled events will help in strategizing investments effectively. For further insights and updates, keep tracking reliable crypto news sources.