Token Unlocks to Watch Next Week: AVAX, ADA and More
Token unlocking involves the release of tokens that were previously blocked under the terms of the fundraising. Projects schedule these releases carefully to avoid market pressure and prevent token price drops.
Here are the three main token unlocks to watch over the next week.
Avalanche(AVAX)
- Unlock date: November 18
- Number of unlocked tokens: 1.67 million AVAX
- Current circulation: 407.35 million AVAX
avalancheone Decentralized Blockchain The platform is designed to provide high performance and scalability to developers creating decentralized applications (dApps) and custom blockchain networks. Its native token, Avaxplays a central role in the network by facilitating transaction fees, staking and governance activities.
Next week, Avalanche will dominate the token unlocking space, with a major release planned for November 18th. The project plans to unlock 1.67 million AVAX tokens, worth over $60 million. These tokens are allocated to the Avalanche Foundation and are intended to support its continued growth and development plans.
Oasis (Rose)
- Unlock date: November 18
- Number of unlocked tokens: 176 million ROSE
- Current circulation: 6.72 billion ROSE
Oasis Protocol is a decentralized, open-source blockchain platform that prioritizes privacy and scalability, providing developers with versatile infrastructure. The platform focuses on confidential computing and supports the creation of privacy-focused decentralized applications (dApps).
On November 18, Oasis will distribute 176 million newly unlocked ROSE tokens to its core contributors, foundation, community, partners, and reserves. This release may affect market sentiment for ROSE, as the additional supply may affect its short-term value. However, ROSE holders remain confident that the incident will not have a negative impact on the token’s price.
“176 million, or 0.0176 of total supply. Will be watching to see what ultimately happens on exchanges, but content unlocked since late 2023 has no immediate impact on price action,” said one X user famous.
Cardano (ADA)
- Unlock date: November 21
- Number of unlocked tokens: 18.53 million ADA
- Current circulation: 37.74 billion ADA
Cardanoknown for its commitment to sustainability, Safetyand scalability, playing a vital role in advancing decentralized applications and smart contracts. On November 21, the entire network plans to unlock more than 18 million coins ADA tokenthe appropriations are used directly for pledges and treasury fund reserves.
Next week’s Cliff Token unlocks also include Ethena (ENA) and Apecoin (ape), etc., with a total value of more than US$123 million.
Disclaimer
follow trust project BeInCrypto is committed to fair and transparent reporting. This news article is designed to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on the content of this article. Please note that our terms and Conditions, privacy policyand Disclaimer Updated.
