Market Sentiment Wavers as ARB Tops December Token Unlocks

• ARB leads with a $96.26M unlock, representing 2.26% of supply.
• ID token unlocks $43.35M (18.23%), raising liquidity concerns.
• ADA adds $41.5M (0.10%) with a low risk of market turbulence.

The crypto market awaits over $257.64 million in token unlocks from December 16th to 22nd, 2024. This affects major projects like ARB, ADA, and ID. These unlocks are important events that can change token prices, liquidity, and market sentiment.

Weekly Cliff Unlocks : 16 – 22 Dec ’24

$257.64m +

Unlock Highlights $ARB (2.26%) – $96.26m$ID (18.23%) – $43.35m$ADA (0.10%) – $41.5m$APE (2.16%) – $25.27m$ENA (0.44%) – $13.47m$PIXEL (7.05%) – $13.21m$PRIME (1.46%) – $11.24m
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( % of cir. supply) pic.twitter.com/3jXzaNWTxJ

— Tokenomist (prev. TokenUnlocks) (@Tokenomist_ai)
December 13, 2024

On-chain data shows the unlocking of a massive $257.64 million worth of tokens this week across several high-profile projects. This includes ARB ($96.26M), ID ($43.35M), ADA ($41.5M), APE ($25.27M), ENA ($13.47M), and PIXEL ($13.21M). These unlocks release previously locked-up tokens into circulation, possibly affecting market dynamics.

ARB leads the pack, unlocking 2.26% of its circulating supply worth $96.26M. The ID token stands out, with 18.23% of its circulating supply, valued at $43.35M, coming into the market—the highest proportion among all tokens listed. However, Cardano’s ADA releases $41.5M, representing only 0.10% of its supply, showing a smaller relative impact.

Also contributing to this week’s unlock are APE ($25.27M) and PRIME ($11.24M), with their unlocked supply mainly going to founders, community incentives, foundation funds, and strategic partnerships.

Understanding the Impact of Token Unlocks

Token unlocks make up different percentages of each token’s circulating supply, signaling potential shifts in liquidity and market sentiment. For ARB and ID, the large percentages could increase selling pressure, while ADA’s unlock—a smaller proportion—might have little price impact.

Read also: Crypto Market Braces for $489 Million in Token Unlocks This Week

In short, these events give us clues, allowing investors to guess future token releases before they appear in the circulating supply metrics. Plus, comparing unlocked supply with circulating supply helps to check the accuracy of the data, giving a more complete view of a project’s tokenomics.

Community and investor sentiment are key in handling the potential market movements these unlocks may cause.

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