The crypto market has to prepare itself for a huge dose of sell pressure with $2.6 billion worth of token unlocks scheduled next week. This influx of new tokens could worsen the current market downturn, especially for altcoins: Ondo (ONDO), Arbitrum (ARB), Starknet (STRK), Sei (SEI), ApeCoin (APE), Ethena (ENA), and Echelon Prime (PRIME).
According to Tokenomist on X, 134.21% of ONDO’s circulating supply (1.94 billion tokens) will be released on January 18th, just two days before Trump’s inauguration—an event that many view as a potential turning point for crypto in the United States.
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On January 16th, 2.20% of Arbitrum’s supply (92.65 million ARB tokens) worth $69.32 million will unlock. This follows the January 15th release of 12.86 million ENA tokens (0.42% of the supply) worth $11.98 million and 64 million STRK tokens (2.65%) valued at $27.55 million. Additionally, 1.32% of SEI’s supply (55.56 million tokens) will hit the market the same day. SEI has already seen sharp declines, dropping 31.56% over the past month and 43.58% in the past year, according to CoinMarketCap data.
APE and PRIME Unlocks
On January 17th, 15.60 million APE tokens (2.16%) will unlock, followed by 750,000 PRIME tokens worth $10 million.
Token unlocks often create bearish sentiment, as these tokens, held by early investors, are gradually released and may flood the market. With Trump’s inauguration just around the corner, the market remains on edge, awaiting its next move.
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