Altlayer Leads This Week’s Token Unlocks

According to data from Tokenomist, Altlayer (ALT) will lead this week’s $253 million unlocks with a substantial cliff-style token release scheduled between March 24 and March 31.

The data shows two different types of token releases affecting the market. One is the one-time “cliff” unlocks that release large quantities of tokens simultaneously and ongoing “linear” unlocks that gradually release tokens on a daily basis.

Altlayer Token Unlock Schedule

Altlayer’s ALT token sets the pace for this week’s largest token unlocks, with 240.10 million tokens worth around $9.29 million to be released. This release accounts for 8.60% of ALT’s current circulating supply, the largest percentage increase among larger tokens releasing this week.

Right on the heels of Altlayer is Venom (VENOM), which will deploy 59.26 million tokens worth around $7.06 million over the same time. The VENOM unlock represents a slightly lower 2.90% of its circulating supply.

Token unlocks are scheduled between March 24 and 31. Source: Wu Blockchain

Apart from these single-time cliff unlocks, the market will also experience regular daily token releases in linear unlock schedules. Solana (SOL) dominates this segment with 465,770 SOL tokens worth $63.11 million being released over a period. Although this is a huge dollar value, the SOL release accounts for only 0.09% of its circulating supply.

Additional prominent linear unlocks include:
– Worldcoin (WLD) at 37.23 million tokens ($30.77 million, 3.19% of supply)
– TIA at 6.99 million tokens ($24.85 million, 1.30% of supply)
– Dogecoin (DOGE) at 96.52 million tokens ($16.64 million, 0.07% of supply)

These timed token releases follow vesting schedules used during initial token distribution to provide a growing circulating supply without immediately flooding the market.

Largest Unlocks Set to Impact Market Liquidity

The total value of this week’s token unlocks will introduce over $253 million worth of previously locked cryptocurrencies to the trading circulation. Solana continues to lead in unlock value at $63.11 million worth of SOL tokens.

In terms of subsequent value:
– Worldcoin (WLD) will release $30.77 million
– TIA will unlock $24.85 million
– Optimism (OM) will release $16.83 million

These gradual releases typically create less immediate selling pressure than cliff-style unlocks.

Among cliff unlocks, Altlayer’s ALT token release stands out for its $9.29 million value and the percentage of supply being unlocked. For context, Venom’s $7.06 million unlock is 2.90% of its circulating supply, while Worldcoin’s $30.77 million release accounts for 3.19% of WLD supply.

Less Popular Token Unlocks Add Market Complexity

In addition to the significant unlocks, smaller cryptocurrency ventures are releasing tokens this week. CoinMarketCap statistics indicate that several tokens with low market capitalizations are experiencing substantial supply boosts.

Axelar (AXL) is undergoing a considerable unlock period, with 61.78% completed. The upcoming unlock will release 13.51 million AXL tokens valued at about $6.02 million, representing 1.13% of the total locked tokens. With a market capitalization of about $418.4 million, Axelar’s unlock could potentially create considerable selling pressure.

NFPrompt (NFP) is halfway through its unlock schedule, with 41.85% completed. The project will unlock 14.51 million NFP tokens valued at $1.32 million, accounting for 1.45% of the total locked tokens. One of the largest upcoming unlocks in percentage terms is Vultisig (VULT), which has not started its process yet (0.00% completed).

Next, 75.01 million VULT tokens, or 75.01% of the overall locked supply, are set to be released. The current token price is $0 and there is no determined market capitalization, making this unlock crucial for VULT’s trading range.

Other notable smaller unlocks include:
– Metahorse Unity (MUNITY) releasing 16.36 million tokens ($32,297 value, 3.27% of locked supply)
– Bowled.io (BWLD) unlocking 10.52 million tokens ($3,009 value, 2.10% of locked supply)

For investors involved in these smaller-capitalization projects, these unlocks may create more pronounced price effects compared to those seen in larger tokens. Sable Finance (SABLE), for instance, will release 1.82 million tokens, valued at just $6,770, but representing 1.82% of total locked supply, with its unlock schedule already 51.10% complete.