This month, about 278 billion won worth of tokens are expected to be released in November, and the cryptocurrency market is preparing for several important unlocks.
BeInCrypto has highlighted the top five unlocks that are expected to bring significant asset inflows to the market.
November Token Unlocks: Expected Highlights
According to Tokenomist (formerly Token Unlock) data, nearly 100 billion won of this month's token unlocks are classified as cliff unlocks. In token unlock events, a cliff refers to tokens being released on a periodic schedule, such as weekly, monthly, or annually, rather than daily.
Token unlocks introduce previously unavailable tokens into circulation, so investors and traders closely monitor these events and their impact on the market environment. While some view these events as growth opportunities, there is also the risk of increased selling pressure.
Read more: Tokenomics Explained: The Economics of Cryptocurrency Tokens
The most significant cliff token unlocks this month include MEME, APT, ARB, AVAX, and OP.
MEME
On November 3, MEME is expected to distribute 345 million MEME tokens to airdrop-eligible wallets. Additionally, a linear unlock series will begin, adding 10.71 million tokens to the circulating supply daily.
Read more: Top 11 Solana Memecoins to Watch in November 2024
Aptos (APT)
On November 11, the Aptos unlock will release 11.31 million APT tokens into the market. This represents 2.18% of the total APT supply, with a total value of 100.88 billion won.
The distribution of these tokens is as follows:
- Foundation: 1.33 million APT (11.84 billion won)
- Community: 3.21 million APT (28.51 billion won)
- Core Contributors: 3.96 million APT (35.15 billion won)
- Investors: 2.81 million APT (24.93 billion won)
Read more: Top 5 Platforms to Buy Aptos (APT) in 2024
Arbitrum (ARB)
On November 18, Avalanche is expected to unlock approximately 167,000 tokens worth around $40.82 million. These tokens were specifically allocated to the Avalanche Foundation as part of the project's broad token release schedule. The release aims to support ecosystem development, strategic partnerships, and ongoing operational costs.
Read more: How to Buy Avalanche (AVAX) - Everything You Need to Know
Optimism (OP)
On November 30, Optimism is expected to unlock approximately 31.34 million tokens worth around $49.52 million. These tokens represent 2.50% of the circulating supply. The distribution of these tokens is as follows:
- Investors: 14.80 million OP ($23.38 million)
- Core Contributors: 16.54 million OP ($26.14 million)
Read more: Optimism vs. Arbitrum: Comparing Ethereum Layer-2 Rollups
In addition to these major unlocks, November will also see cliff token unlocks for other notable projects such as STRK, IMX, and APE.
