As we enter the new year, the cryptocurrency market is preparing for significant developments with several altcoins planned to be unlocked in the coming days. According to Token Unlocks data, HFT, SUI, ACA and others are poised to take significant one-time locks, making waves in the crypto space.
Altcoin projects that will be unlocked have been announced
Token Unlocks data on January 1 reveals a flurry of altcoin unlocks totaling approximately $43.37 million. A detailed list is as follows: On January 1st at 15:00, Acala is set to unlock 27.43 million ACAs worth approximately $2.95 million, accounting for 3.1% of the circulating supply. At 8:00 AM on January 2, Sui will unlock 34.62 million SUI worth approximately $26.88 million, accounting for 3.35% of the circulating supply. At 8:00 AM on January 5, 3 million GALs (approximately $6.97 million) will be unlocked, accounting for 3.34% of the circulating supply.
At 8:00 AM on January 7, Hashflow is scheduled to unlock 1,362,000 HFT (approximately $5.14 million), representing 4.81% of the circulating supply. Additionally, HFT will issue 316,200 tokens daily for the next year. Market cap of $350.04 million with an unlock amount of $1.42 million (0.41% of market cap) at 03:00 on January 1, 2024. Its market capitalization is $201.46 million and will appreciate by $1.70 million (0.84% of the market capitalization) at 03:00 on January 1, 2024. Solend, which has a market value of $109.76 million, will gain $6.72 million (6.12% of the market value) at 03:00 on January 1, 2024.
HOOK, BICO and more
StakeWise (SWISE) will unlock $1.00 million (3.89% of market cap) at 03:00 on January 1, 2024, with a market cap of $25.71 million. Hooked Protocol (HOOK) will unlock $10.57 million (7.54% of market cap) on January 1, 2024. dYdX will unlock $122.72 million (21.77% of market cap) on January 1, 2024. The market cap is $8.85 million, and $1.42 million (15.98% of the market cap) will be shorted at 03:00 on January 2, 2024. Orbler (ORBR) however is set to unlock $13.08 million at 03:00 on January 2, 2024. Biconomy, which has a market value of $239.97 million, will gain $2.95 million (1.23% of the market value) at 08:00 on January 2, 2024.
Ocean Protocol, valued at $296.01 million, will gain $1.06 million (0.36% of the market value) at 03:00 on January 3, 2024. Rally, which has a market value of $41.10 million, will gain $1.02 million (2.47% of the market value) at 03:00 on January 4, 2024. Mines of Dalarnia, which has a market value of $61.68 million, will gain $1.43 million (2.33% of the market value) at 09:00 on January 4, 2024. SEDA Protocol (FLX): It has a market cap of $19.08 million and will gain $1.16 million (6.09% of the market cap) at 03:00 on January 5, 2024.
Myria, which has a market value of $96.52 million, is planned to gain $7.39 million (7.70% of the market value) at 03:00 on January 7, 2024. WiFi Map, valued at $18.12 million, is scheduled to be unlocked at 03:00 on January 7, 2024 for $6.72 million (35.47% of the market cap). Minima will unlock $4.43 million at 03:00 on January 7, 2024.
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