20–24 Altcoin Token Unlocks Release Over $200M This Week
Last week saw over $300 million in token unlocks across 24 altcoins between Oct 12–18, following U.S.–China tariff news. This week (Nov 10–16) brings a fresh wave of token unlocks amounting to about $207 million across 20 altcoins. Small-cap projects (HOME, CHEEL, ION) will unlock 3%–16% of supply. Mid-caps (MOCA, BB, ZKC) follow with 5%–7% releases. Major networks including Linea ($32.5 million, 16.3%), Aptos ($36.4 million, 1.6%) and Arbitrum ($28.1 million, 1.7%) also unlock tokens. Notably, WalletConnect Token and stablecoin STBL will unlock 46%–70% of supply on Nov 15–16, potentially fueling sell‐side pressure. Traders should track the detailed token unlock calendar to anticipate liquidity influx, manage trading risk, and adjust strategies ahead of likely short-term volatility triggered by these token unlocks.
Bearish
These large token unlocks significantly increase circulating supply, especially for STBL and WalletConnect Token unlocking up to 70% of their market cap. Historical on-chain unlock events often prompt sell-side pressure and short-term price dips. While smaller projects unlock more modest percentages, the cumulative $500M+ entering the market in two weeks heightens short-term bearish pressure. Over the long term, market absorption and project fundamentals will dictate stability, but traders should prepare for a sell-off around key unlock dates.