The cryptocurrency market faces a major supply expansion as token unlocks worth $1.347 billion are scheduled between December 9 and December 16.
Cheelee (CHEEL) leads the cliff-based unlocks with over $200 million in value, while Worldcoin (WLD) dominates the linear unlock schedule with $136.25 million. The large release schedule includes both established projects and emerging tokens.
CHEEL leads large cliff unlocks
As per data from Tokenomist, the upcoming week will see major cliff-based token unlocks, with Cheelee (CHEEL) leading the pack with 20.81 million tokens valued at $200.64 million. It represents 36.63% of its circulating supply. This substantial release marks the largest single unlock event in the current period.
Following CHEEL, Aptos (APT) prepares to unlock 11.31 million tokens worth $159.13 million. However, this represents a relatively modest 2.11% of its circulating supply. CONX presents 4.33 million tokens valued at $143.02 million, notably affecting 376.30% of its current circulating supply. This is the highest percentage impact among all scheduled releases.
Other large cliff unlocks include Strike (STRK) with 64 million tokens ($48.53 million, 2.83% of supply), Cardano (ADA) releasing 37.06 million tokens ($43.36 million, 0.10% of supply), and SEI with 82.52 million tokens ($55.80 million, 2.07% of supply). The Polyhedra Network (ZKJ) unlock of 18.06 million tokens ($30.33 million) represents 29.90% of its circulating supply.
The remaining cliff unlocks include several smaller releases ranging from BGB’s 5.38 million tokens ($14.46 million) to RENDER’s 492,130 tokens ($5 million). Notable among these are ENA with 12.86 million tokens ($12.95 million), WMTX releasing 16.04 million tokens ($9.23 million), and AXS with 815,630 tokens valued at $7.54 million.
Worldcoin dethrones Solana in linear unlocks
The linear token unlock schedule, totaling over $550 million, is led by Worldcoin (WLD). WLD plans to release 37.23 million tokens valued at $136.25 million, representing 5.04% of its circulating supply. This positions WLD ahead of previous leader Solana (SOL), which schedules the release of 524,030 tokens worth $121.36 million. However, it impacts only 0.11% of its supply.
The linear unlock schedule continues with TIA preparing to release 6.99 million tokens ($56.95 million, 1.57% of supply), while DOGE plans a release of 94.47 million tokens valued at $44.01 million. Avalanche (AVAX) follows with 700,000 tokens ($36.59 million), and TAO schedules 50,400 tokens worth $34.68 million.
Mid-tier linear unlocks include DOT’s 2.81 million tokens ($28.73 million), NEAR’s 2.97 million tokens ($23.16 million), and SEI’s 26.97 million tokens ($18.06 million). The schedule extends to include FIL (2.24 million tokens, $17.72 million), SUI (4.13 million tokens, $17.57 million), and JTO (4.20 million tokens, $15.58 million).
The remaining linear unlocks comprise smaller releases, including ENS (309,190 tokens, $12.86 million), ARKM (3.82 million tokens, $9.05 million), and several others ranging down to BEAM’s 202.26 million tokens valued at $7.33 million.
Less popular projects face significant unlocks
The upcoming unlock schedule includes several emerging projects showing notable activity in their token distributions. Sipher (SIPHER) leads this category with a 53.96% unlock progress, preparing to release 15.6 million tokens valued at $2.07 million, representing 1.56% of total locked tokens. The project currently trades at $0.1324, showing an 11.4% decline in the past 24 hours.
Source: CoinMarketCap
ChainGPT (CGPT) demonstrates major unlock momentum with 72.88% progress, scheduling 20.2 million tokens worth $419,000 for release. Despite its $161.98 million market capitalization, the token has experienced an 8.52% price decrease in recent trading. Similarly, Ordify (ORFY) shows 32.36% unlock progress, with 3.48 million tokens ($296,668) scheduled for release.
PlayDapp (PDA) presents an interesting case with 85.97% unlock progress, the highest among smaller cap tokens, preparing to release 8.14 million tokens valued at $505,986. The project maintains a market cap of $37.42 million despite recent market volatility.
LayerAI (LAI) rounds out the notable smaller unlocks with 69.12% progress toward releasing 55.91 million tokens ($1.09 million), trading at $0.01945 with a market capitalization of $49.93 million. These projects, while smaller in total value, represent major proportions of their respective token supplies.
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