This week, the cryptocurrency market is preparing for a significant influx of unlocked tokens, with an estimated $337-338 million worth of tokens set to be released. Leading the charge is Akedo Games (AKE), which is scheduled to unlock approximately $62.42 million in tokens. This figure represents about 9.25% of AKE’s total market cap, estimated at $680-700 million.
Other notable unlocks include LayerZero (ZRO) at around $47.14 million, Plasma (XPL) at $17.52 million, and Humanity Protocol (H) at $15.32 million. The latter stands out with an unlock-to-market-cap ratio of about 12.72%, indicating a larger portion of its market cap is being released compared to AKE.
The largest single-day unlock is expected on October 21, with a total of approximately $94.88 million, primarily driven by AKE’s release. Traders and holders should be aware that historical patterns suggest large unlocks can lead to near-term price declines if recipients decide to sell their newly unlocked tokens.
Token unlocks are part of a project’s vesting plan, designed to prevent early backers from dumping all their tokens at once. These scheduled releases allow holders to keep, stake, or sell their tokens on secondary markets. Platforms like CryptoRank track these vesting schedules to help traders anticipate supply changes.