- $1.8 billion in cryptocurrencies are set for a massive token unlock event in December.
- These tokens include SUI, ASTER, ZRO, PUMP, ENA, APT, EIGEN, ARB, STBL, ESPORTS.
- The crypto market is poised to see high volatility amid the token unlocks.
The crypto market is poised for significant volatility, with a staggering $1.8 billion worth of tokens set to be unleashed in December. With these massive token unlock events, analysts and investors speculate on a possible market crash.
As cryptocurrencies like SUI, ASTER, ZRO, PUMP, ENA, and more are set to flood the market, the community is forecasting a surge in sell-off. Will this token unlock lead to uncertainty and a prolonged period of market volatility?
Token Unlock in December: Key Cryptocurrencies to Watch
According to CryptoRank’s latest X post, a massive number of tokens are preparing for a major token unlock in December. As the year draws to an end, the market is bracing for a significant influx of liquidity with $1.8 billion worth of tokens scheduled to be unlocked. These tokens include SUI, ASTER, ZRO, PUMP, ENA, APT, EIGEN, ARB, STBL, ESPORTS.
SUI
Sui, currently trading at $1.58, up 2.61%, is set to unlock a total of $86.68 million in December. On December 1, the project will release 43.92 million coins, worth about $69 million, comprising 1.19% of the total tokens in circulation. As of now, SUI has released a total of 3.69 billion tokens, about 36% of the total supply.
ASTER
Aster is currently valued at $1.11 and is up by a marginal 1.38%. The altcoin is expected to unleash a notable $86.84 million in ASTER. It is noteworthy that the project has unlocked a total of 2.37 billion till now, constituting 29.64%.
ZRO
Trading at $1.35, LayerZero is currently experiencing a bullish trend, with a 2.35% surge over the past day. ZRO has already unlocked about 378.54 million, which constitutes about 37% of the total supply. On December 20, the project will unlock about 25 million ZRO, valued at around $34 million. This marks a notable 6.9% of the total tokens in the released supply.
PUMP
The Pump.fun token is now priced at $0.0030, up 2.81%. The project is planning to unleash $31.22 million worth of tokens in December. While Pump.fun has already released 578.33 billion PUMP, it is expected to add 10 billion to the released tokens.
ENA
As of press time, ENA is trading at $0.291, marking an increase of 2.7%. As per reports, Ethena is set to flood the market with 24.68 million ENA, worth $27.66 million, next month. This constitutes 1.27% of the market cap. It is worth noting that the cryptocurrency has already freed 6.99 billion ENA.
APT
Aptos is currently facing a bearish trend, with the crypto experiencing a significant loss of 5% in a day. Currently trading at $2.19, Aptos is set to see a more severe downtrend amid the upcoming token unlock. As noted by CryptoRank, Aptos is set to release $25.20 million in APT, which is about 11 million tokens.
EIGEN
EigenCloud is now at $0.632, up by 2.26%. The crypto project is gearing up for a token unlock of $23.50 million in assets. EigenCloud will release 36.82 million cryptos in December.
ARB
Arbitrum is scheduled to free 92.63 million ARB, worth $20.63 million. The project has already unlocked 4.87 billion, comprising 48.72% of the total cap. Now, the cryptocurrency is trading at $0.221, up 1.24%.
STBL
STBL, a new yet popular cryptocurrency, has announced its decision to release 288.39 million tokens, worth $20.40 million. Since its launch, the stablecoin project has released a staggering 1.29 billion STBL tokens, worth $90 million.
ESPORTS
The Yooldo token is currently in the red zone, trading at $0.4625, down 5% in a day. In December, the project is scheduled to unlock $19.44 million in ESPORTS. With the release of 41.91 million tokens next month, the project will unleash 4.66% of the total market cap.
As the market braces for the impact of these massive token unlock events, one thing is clear- December will be a crucial month for the cryptocurrency market. Given the sheer scale of the token unlock, a significant market adjustment appears likely, with many predicting a major correction.
