The most noteworthy token unlocks in November include Memecoin, Aptos, Arbitrum, Avalanche and Optimism.
Locked digital assets worth $2.68 billion will hit the market in November as vesting periods for blockchain-based projects expire.
According to vesting data tracker Tokenomist (formerly Token Unlocks), $2.68 billion in crypto assets will be unlocked in November. Over $900 million in tokens will be unlocked on a cliff basis, while about $1.7 billion will be unlocked linearly.
The most noteworthy token unlocks in November 2024 belong to projects like Memecoin
MEME $0.01026
, Aptos, APT $8.00
, Arbitrum ARB $0.4776
, Aval23.18
and Optimism OP $1.41
Biggest token unlocks in November
Meme-project Memecoin is set to unlock 3.45 billion coins, worth about $37.8 million for its airdrop. Apart from the cliff unlock, it would also perform a linear token unlock for its contributors. This would be over 10 million MEME tokens daily, worth about $117,000. The MEME token’s price currently hovers at $0.010, 81% lower than its 2024 high of 0.053.
Layer-1 blockchain Aptos will unlock another 11.31 million tokens worth $93 million. About $32 million will go to the project’s core contributors, $26 million to the community, $11 million to the foundation and $23 million to its investors. The APT token currently trades at around $8.24, 54% below its 2024 high of $18.14.
Avalanche will also unlock 1.67 million AVAX tokens worth $39 million for its foundation, while Optimism will unlock 31.4 million tokens worth $44 million for its investors and core contributors.
