2025 Token Unlock Frenzy: Key Players Include ONDO, SEI, and ARB
The next token unlock schedule, which will unleash billions of dollars worth of supply for multiple coins, including Ondo Finance’s ONDO token, might add even more volatility to the altcoin market this week. According to data from Tokenomist, the weekly unlocks calendar, which features companies like STRK SEI, ARB, and ONDO, is worth $3 billion, the most since November. Ondo Finance’s ONDO, a decentralized tokenization platform, makes up a significant portion of the total.
Tokens are first locked and then released gradually through unlocks, which stop early investors and project team members from selling all of their coins at once. Market volatility and sharp price swings are prevented by the gradual release. However, on occasion, ONDO-like unlocks may be witnessed that are larger than the token’s circulating supply or typical daily volume, potentially causing market volatility. According to research by The Tie, there is volatility before and after the event for coins that face unlocks equal to 100% of the average daily volume.
ONDO Price Hits Six-Week Low Ahead of Massive Token Unlock Event
The project will free up 2.23 billion ONDO on January 18, which is equivalent to 1.94 billion, or more than 130% of the approximately 1.4 billion tokens now in circulation. The upcoming unlock for ONDO is also many times larger than its daily trading volume, which has been between $250 million and $300 million in previous years.
As of this writing, ONDO was trading at $1.13, the lowest since December 2, an 8.85% loss for the day. TradingView data indicates that after prices reached record highs above $2.10 on December 16, they have been in a fast slide.
For more up-to-date crypto news, you can follow Crypto Data Space.
Leave a comment