A wave of token unlocks, valued over $730 million, is set to impact the market this week, with Cheelee leading cliff-based unlocks and Worldcoin dominating the linear release schedule.
By Anisha Pandey
Edited by Julia Sakovich
Updated
3 mins read
A major wave of token unlocks, valued at over $730 million, is set to hit the crypto market this week, with Cheelee (CHEEL) leading the cliff-based unlocks and Worldcoin WLD $2.19 24h volatility: 1.2% Market cap: $2.06 B Vol. 24h: $428.63 M dominating the linear schedule.
Cheelee tops the cliff unlocks with a planned release of 20.81 million CHEEL, valued at $196 million. This accounts for 36.63% of Cheelee’s circulating supply. Aptos (APT) follows closely, unlocking $150 million worth of tokens, representing a modest 2.11% of its supply.
Notably, cliff-based unlocks are a type of token unlock schedule where a large number of tokens are released simultaneously, typically after a predetermined period of time. This period is referred to as the “cliff”.
Apart from Cheelee and Aptos, notable cliff-based releases include Cardano ADA $0.99 24h volatility: 1.7% Market cap: $35.46 B Vol. 24h: $1.01 B , with 37.06 million tokens worth $43.36 million, representing just 0.10% of its supply, and SEI, which plans to release $55.80 million in tokens. Smaller but impactful unlocks include BGB BGB $7.42 24h volatility: 3.6% Market cap: $8.90 B Vol. 24h: $396.35 M (worth around $14.46 million) and AXS AXS $5.87 24h volatility: 1.4% Market cap: $925.91 M Vol. 24h: $94.09 M (worth around $7.54 million), each contributing to the diverse landscape of token activity.
On the linear unlock front, Worldcoin (WLD) emerges as a key player, with plans to release 37.23 million tokens valued at $136.25 million, making up 5.04% of its circulating supply. This positions WLD ahead of Solana SOL $262.0 24h volatility: 5.5% Market cap: $127.34 B Vol. 24h: $9.88 B , which has consistently led linear unlocks but now plans a comparatively smaller release of $121.36 million, impacting just 0.11% of its supply.
The trend extends to altcoins like TIA TIA $4.65 24h volatility: 3.4% Market cap: $2.33 B Vol. 24h: $116.21 M (worth around $56.95 million) and DOGE DOGE $0.36 24h volatility: 3.2% Market cap: $52.87 B Vol. 24h: $2.48 B (worth around $44.01 million), which continue to dominate mid-tier linear unlock schedules. Avalanche AVAX $36.38 24h volatility: 4.2% Market cap: $14.94 B Vol. 24h: $587.07 M and NEAR NEAR $5.11 24h volatility: 4.5% Market cap: $6.00 B Vol. 24h: $339.99 M are also noteworthy, with releases valued at $36.59 million and $23.16 million, respectively.
Notably, linear unlock refers to a mechanism where cryptocurrencies are released gradually over a specified period, typically in a linear fashion.
Emerging projects also feature prominently in this unlock cycle. Sipher (SIPHER) leads with 15.6 million tokens, valued at $2.07 million, representing 1.56% of its locked supply. ChainGPT CGPT $0.25 24h volatility: 1.2% Market cap: $202.33 M Vol. 24h: $48.46 M and Ordify (ORFY) are also unlocking significant portions of their supplies.
PlayDapp (PDA), with 85.97% unlock progress, prepares to release 8.14 million tokens valued at $505,986, while LayerAI (LAI) rounds out smaller unlocks with 55.91 million tokens worth $1.09 million.
The coming week’s token unlock activity will likely bring both opportunities and challenges, as markets digest these substantial movements in supply.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it's dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.
