The cryptocurrency research platform predicts that several cryptocurrency tokens will be unlocked during January of this year with an estimated value of $7.2 billion.
The research center says that unlocking billions of dollars in tokens represents a significant amount, noting that it could have an impact on… Cryptocurrency market.
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CryptoRank announced in a post that an estimated $7.2 billion worth of crypto tokens could be unlocked in January of this year, something the digital asset sector should keep an eye on for the opportunities and risks it may bring.
In a post by
Some analysts said that the cryptocurrency market will “definitely feel the heat” given that the value of virtual tokens that will be unlocked is a staggering amount, adding that January could be a wild month for the cryptocurrency sector with this development.
Cryptocurrencies like Aptos and Arbitrum as well as other major players in the digital asset market are seen as serious about making a mark in the cryptocurrency scene, saying their effects could bring new opportunities or a bearish case.
$7.2 billion worth of tokens will be unlocked in January 🔓
The following tokens will be unlocked in January:$APT $111.41 million$circus $108.35M$ARB $86.42 million$OP $67.29M$ rune $66.89 million$ move $53.35M$UXLINK $36.73M$imx $35.59M$United Nations $35.04 million$STRK $32.66M pic.twitter.com/POLP3wI3bq
— CryptoRank.io (@CryptoRank_io) January 6, 2025
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According to CryptoRank, data indicates that Aptos is seen as a major contributor to the token unlock with an approximate value of $111 million. The cryptocurrency tokens are expected to be released on January 12.
As of press time, Apartments It trades at $10.42 per token with a market cap of $5.8 billion.
Circular Protocol will take second place and issue $108 million worth of crypto tokens, the data analytics platform said, saying about 28 billion CIRX tokens will enter the market on January 12.
In third place, according to CryptoRank, is Arbitrum, which is expected to issue $86 million worth of cryptocurrencies.
Impact on the market
Financial platform OneSafe said so Unlock codes It occurs when locked tokens are “released free to the market.”
“These tokens are typically held by project teams, early investors, or designated for things like development and marketing funding. When these tokens hit the market, they can create a radical change by increasing circulating supply,” the financial platform explained.
Source: Keyrock
Encryption company Kerouac He warned that unlocking cryptocurrency tokens could potentially trigger negative market reactions, explaining this conclusion after the company conducted a study of 16,000 unlocked tokens.
The company’s study revealed that negative outcomes were influenced by recipients, volume, expectation, timing, and other factors, which still occurred despite taking pre-determined actions before opening the token.
According to the research, opening large tokens typically resulted in prices falling by about 2.4 times, resulting in increased volatility.
Featured image from CertoChart from TradingView