Crypto Tokens Worth $443 mn Set for Nov Unlock
BeInCrypto has calculated that token releases scheduled for November could potentially increase the supply of cryptocurrency tokens by approximately $443 million. The top three projects with the highest unlocks are Hashflow (HFT), Aptos (APT), and Avalanche (AVAX).
Hashflow will unlock 74% of its circulating supply on November 7, while Avalanche will release 9.54 million AVAX tokens worth $109.64 million on November 24. Aptos (APT) will have the most substantial unlock value among all the token unlocks scheduled for November, unlocking native tokens constituting 10.05% of its circulating supply.
Despite the October rally, investors should consider whether the unlocks would push the price down for these tokens, as the unlocks may not necessarily impact the price of certain cryptocurrencies. The crypto market is expected to experience significant volatility in November, with the flagship crypto Bitcoin rallying around 30%.
(With inputs from Shikha Singh)
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