Vignesh Karunanidhi
Major token unlocks worth over $489 million are scheduled between November 18 and November 25, with Metars Genesis (MRS) leading cliff-based unlocks. Solana (SOL) is dominating linear releases, according to data from Tokenomist.
Metars Genesis (MRS) leads cliff-based token unlocks
The upcoming cliff unlocks are headlined by Metars Genesis (MRS) with 10 million tokens valued at $20.70 million, representing 11.87% of its circulating supply. Rose Network (ROSE) follows with a substantial unlock of 176 million tokens worth $14.03 million, accounting for 2.62% of supply.
Cardano (ADA) will release 18.53 million tokens valued at $13.12 million, though this represents just 0.05% of its circulating supply. PIXEL’s unlock of 54.37 million tokens valued at $10.73 million represents 7.05% of its supply. Additionally, ID will release 18.49 million tokens worth $7.99 million, affecting 4.29% of circulation.
ENA and KARRAT round out the major cliff unlocks with 12.86 million tokens ($7.16 million, 0.45% of supply) and 11.25 million tokens ($5.96 million, 7.61% of supply), respectively.
Solana leads linear unlocks
The linear unlocks during this period are led by Solana’s release of 524.03K tokens, valued at $123.94 million. It represents only 0.11% of supply. Worldcoin (WLD) follows with 37.23 million tokens valued at $84.13 million, impacting 5.65% of its circulation. TIA’s unlock of 6.99 million tokens worth $35.15 million represents 1.66% of supply.
DOGE will release 94.47 million tokens ($34.49 million, 0.06% of supply), while TAO and AVAX will unlock 50.40K tokens ($24.65 million, 0.68%) and 700.00K tokens ($24.44 million, 0.17%), respectively. SEI’s release amounts to 35.20 million tokens ($17.75 million, 0.83%), followed by NEAR with 2.97 million tokens ($16.96 million, 0.24%) and SUI with 4.13 million tokens ($15.69 million, 0.15%).
The remaining linear unlocks include DOT releasing 2.81 million tokens ($15.19 million, 0.20%), FIL with 2.24 million tokens ($9.76 million, 0.37%), and ARKM unlocking 3.82 million tokens ($7.87 million, 1.28%).
Lesser known token unlocks
Several smaller projects included in the unlock schedule could face more substantial price impacts due to their lower liquidity and trading volumes. According to CoinMarketCap data, several projects show significant unlock progress:
- PlayZap (PZP) shows 63.54% unlock progress, with 2.41 million PZP ($104,785) scheduled for release.
- BENQI (QI) at 44.12% progress, preparing to unlock 105.88 million QI ($164M)
- Polyhedra Network (ZKJ) is at 19.95% progress, with 15.5 million ZKJ ($736M) upcoming.
- Liquid Crypto (LQDX) reaching 45.47% progress, with 19.59 million LQDX ($419,653) scheduled.
- KARRAT is at 4.81% progress, planning a 12.35 million KARRAT ($6.41 million) release.
- Numbers Protocol (NUM) showing 60.57% progress, with 10.26 million NUM ($621,642) upcoming.
MRS’s 11.87% supply increase represents the largest proportional change, followed by KARRAT at 7.61% and PIXEL at 7.05%.
Most major tokens are releasing relatively small portions of their supply, potentially minimizing market impact.
