Token unlock events are pivotal moments in the cryptocurrency landscape, often influencing market dynamics and investor decisions. As tokens transition from locked to circulating supply, they can impact liquidity, price stability, and overall market sentiment. In this article, we’ll delve into the upcoming token unlocks scheduled between February 19 and February 25, 2025, providing insights into each project and what these events might mean for investors and enthusiasts alike.
1. BENQI (QI)
- Symbol: QI
- Current Price: $0.0173
- Market Cap: $50.16M
- Circulating Supply: 5.30B QI
- Next Unlock Amount: 105.88M QI
- Percentage of Market Cap: 2.00% ($1.00M)
- Next Unlock Date: February 19, 2025
BENQI is a decentralized finance (DeFi) protocol on the Avalanche network, focusing on lending and borrowing services. The upcoming unlock represents a modest 2% of its market cap, suggesting a potential but limited impact on its price dynamics.
2. Polyhedra Network (ZKJ)
- Symbol: ZKJ
- Current Price: $2.09
- Market Cap: $124.09M
- Circulating Supply: 60.38M ZKJ
- Next Unlock Amount: 15.50M ZKJ
- Percentage of Market Cap: 25.7% ($31.84M)
- Next Unlock Date: February 19, 2025
Polyhedra Network specializes in zero-knowledge proof technologies, enhancing privacy and scalability for blockchain applications. The upcoming unlock constitutes a significant 25.7% of its market cap, which could lead to notable market movements.
3. Melania Meme (MELANIA)
- Symbol: MELANIA
- Current Price: $1.24
- Market Cap: $185.46M
- Circulating Supply: 150.00M MELANIA
- Next Unlock Amount: 30.00M MELANIA
- Percentage of Market Cap: 20% ($37.09M)
- Next Unlock Date: February 19, 2025
Melania Meme is a meme-inspired cryptocurrency that has garnered attention for its community-driven initiatives. With 20% of its market cap set to unlock, investors should be prepared for potential volatility.
4. Immutable (IMX)
- Symbol: IMX
- Current Price: $0.7497
- Market Cap: $1.31B
- Circulating Supply: 1.74B IMX
- Next Unlock Amount: 24.52M IMX
- Percentage of Market Cap: 1.41% ($18.37M)
- Next Unlock Date: February 21, 2025
Immutable is a layer-2 scaling solution for NFTs on Ethereum, aiming to provide fast and secure trading. The upcoming unlock is relatively small, representing 1.41% of its market cap, suggesting a minimal impact on its price.
5. Plume Network (PLUME)
- Symbol: PLUME
- Current Price: $0.1478
- Market Cap: $292.81M
- Circulating Supply: 2.00B PLUME
- Next Unlock Amount: 108.34M PLUME
- Percentage of Market Cap: 5.42% ($15.86M)
- Next Unlock Date: February 21, 2025
Plume Network focuses on providing decentralized storage solutions. The upcoming token release accounts for 5.42% of its market cap, which could introduce moderate price fluctuations.
6. SPACE ID (ID)
- Symbol: ID
- Current Price: $0.3099
- Market Cap: $133.28M
- Circulating Supply: 430.51M ID
- Next Unlock Amount: 18.49M ID
- Percentage of Market Cap: 4.29% ($5.72M)
- Next Unlock Date: February 22, 2025
SPACE ID offers decentralized identity solutions, aiming to empower users with control over their digital identities. The upcoming unlock represents 4.29% of its market cap, potentially leading to slight market adjustments.
7. Moonwell (WELL)
- Symbol: WELL
- Current Price: $0.029
- Market Cap: $94.45M
- Circulating Supply: 3.26B WELL
- Next Unlock Amount: 37.00M WELL
- Percentage of Market Cap: 1.14% ($1.07M)
- Next Unlock Date: February 23, 2025
Moonwell is a DeFi lending protocol operating on Moonbeam and Moonriver networks. The upcoming unlock is relatively small at 1.14% of its market cap, likely resulting in minimal market impact.
8. AltLayer (ALT)
- Symbol: ALT
- Current Price: $0.0452
- Market Cap: $115.19M
- Circulating Supply: 2.55B ALT
- Next Unlock Amount: 240.80M ALT
- Percentage of Market Cap: 9.44% ($10.87M)
- Next Unlock Date: February 25, 2025
AltLayer is a protocol that enhances scalability by leveraging optimistic rollups. The upcoming unlock accounts for 9.44% of its market cap, making it a significant event to watch.
Final Thought
Token unlocks can have varying effects on price action, liquidity, and investor sentiment. Larger unlocks (relative to market cap) tend to have a more pronounced impact, while smaller ones may go unnoticed by the broader market. As always, staying informed and evaluating each project’s fundamentals before making investment decisions is crucial.
For real-time updates on token unlocks and their potential market effects, follow our blog at BlockchainTreat.com!