News
$208 million ready to flood the market
The cryptocurrency ecosystem will see a sell-off of multiple crypto tokens due to token unlocking. Investors will unlock a total of $208.53 million in tokens in the next 7 days. Let’s explore these tokens and what we can expect from the market.
Major Token Unlocks on the Horizon
Drops Tab data reveals that 26 tokens will be unlocked in the next seven days. Let’s see which ones are at the top.
Nearby protocol
Near Protocol. This is because the unlock is in the next 5 hours. This token is currently trading at $6.34 and has a market cap of $7 billion. Currently, 94.70% of the total supply is in circulation. In the next 5 hours, the vesting will release 254,683 Near tokens. Near Protocol will systematically unlock these tokens over a 48-month vesting period. Investors have already received 88.55% of the total locked tokens. This unlock will release another 0.03% of the supply to the market. 11.45% of the total market cap of this token is still locked. This brings the total locked supply to $726 million. 0.03% of the maximum supply is released every day. The last round of unlocking will happen on October 12, 2025.
Source: Coinmarketcap
XPLA
With a current trading price of $0.1244, the XPLA token has a market cap of $77.16 million. This token is also set to be unlocked in the next 5 hours. This will unlock a total of 18.74 million XPLA tokens to the market. 80.75% of the total locked tokens have already been released. Today’s unlock will release another 0.94% of the supply. The last round of unlocking will happen on December 21, 2026.
Source: Coinmarketcap
Mint layer
Launched in March 2023, this token has only 10.70% of its total supply in circulation. With a current market cap of $9.67 million, this token is trading at $0.15. It has 17.51% of the total supply locked in long vesting. Each month, the vesting contract will release 1.12% of the total supply until February 2025. After that, the market will release 0.35% from March 2025 to December 2025.
Source: Coinmarketcap
Along with these 3 tokens, SAFE, ALT, FP, ID, FIDA and 18 more tokens will be released from the locked supply. You can check the full list of all tokens set for release in the next 400+ days and plan your actions accordingly.
Source: Drops Tab
Token Unlock Market Impact
Historical market data shows two outcomes whenever investors unlock their acquired tokens. Either investors take their profit or they put the tokens into various protocols for performance rewards. The staking feature is not available for every crypto token. People can sell the released tokens even if they are at a loss to invest the amount in other emerging cryptocurrencies. In most cases, investors profit from the acquired tokens because they purchased them during pre-launch or ICO rounds.