Aptos (APT) Dominates with $746M Token Unlock as Solana (SOL) Leads Linear Releases

Major Token Unlocks Scheduled Between November 11 and November 18

Between November 11 and November 18, significant token unlocks are set to release over $746 million in value across various cryptocurrencies. Data from Tokenomist highlights that Aptos (APT) leads the cliff-based unlocks, while Solana (SOL) dominates the linear unlocks scheduled for this week.

Aptos Leads Cliff-Based Token Unlocks

Aptos (APT) tops the list of cliff-based token unlocks, set to release 11.31 million tokens valued at $128.37 million. This amount represents 2.17% of Aptos’s circulating supply, marking it as a significant event in the market.

• Aptos (APT): 11.31 million tokens worth $128.37 million (2.17% of supply)
• Arbitrum (ARB): 96 million tokens valued at $62.16 million (2.41% of supply)
• Avalanche (AVAX): 1.67 million tokens valued at $53.94 million (0.41% of supply)
• Strike (STRK): $30.11 million worth of tokens unlocked
• ZKJ: $21.85 million worth of tokens, releasing 29.90% of circulating supply — the highest percentage among scheduled unlocks

The cliff-based unlocks led by Aptos, Arbitrum, and Avalanche are expected to bring notable value into circulation. ZKJ stands out with its large proportional release, unlocking nearly 30% of its supply, which may influence its market performance significantly.

Solana Leads Linear Token Unlocks

Solana (SOL) leads the linear unlocks scheduled this week, with 524,030 tokens valued at $110.25 million. Although substantial in value, this unlock represents only 0.11% of Solana’s circulating supply, implying minimal immediate market impact.

• Solana (SOL): 524,030 tokens worth $110.25 million (0.11% of supply)
• Worldcoin (WLD): 37.23 million tokens valued at $84.13 million (5.89% of supply)

Worldcoin’s unlock is among the larger proportional releases, with nearly 6% of its supply entering circulation. Such significant unlocks in terms of percentage can influence price dynamics more substantially compared to smaller percentage releases.

Impact of Token Unlocks on the Market

The proportion and size of token unlocks can vary, potentially impacting the market differently for each project. The largest proportional releases include ZKJ and CYBER, with ZKJ’s 29.90% increase being particularly notable. Large-scale supply increases can affect token price due to increased liquidity.

On the other hand, smaller releases, such as:

• Cardano (ADA): 0.05% of supply unlocked
• Dogecoin (DOGE): 0.06% of supply unlocked (valued at $27.73 million)

These releases are expected to have a minimal impact on the market due to their small proportion of the overall supply.

Strategies in Token Unlocks: Cliff vs. Linear Releases

Different projects employ varied approaches to token unlocks. Some projects opt for large cliff-based releases, injecting substantial liquidity into the market at once. Others prefer gradual, linear unlocks to minimize potential price fluctuations. Established projects tend to favor smaller percentage releases relative to total supply, indicating a cautious approach to supply expansion.

As token unlocks unfold, market participants closely monitor these events to assess their potential impact on price and liquidity for each project.