PANews reported on November 3rd that according to Cointelegraph, according to data tracking agency Tokenomist (formerly Token Unlocks), $2.68 billion worth of crypto assets will be unlocked in November. More than $900 million of tokens will be unlocked in a cliff-like manner, while about $1.7 billion of tokens will be unlocked in a linear manner.
Meme project Memecoin plans to unlock 3.45 billion tokens worth about $37.8 million through airdrops. In addition to the cliff unlock, linear token unlocks will be performed for its contributors. More than 10 million MEME tokens will be unlocked every day, worth about $117,000. Blockchain Aptos will unlock another 11.31 million tokens worth $93 million. About $32 million of this will be distributed to the project's core contributors, $26 million to the community, $11 million to the foundation, and $23 million to investors. The APT token is currently trading at around $8.24, 54% lower than its 2024 high of $18.14. Avalanche will also unlock 1.67 million AVAX tokens worth $39 million for its foundation, while Optimism will unlock 31.4 million tokens worth $44 million for its investors and core contributors. Meanwhile, Ethereum L2 network Arbitrum will issue 92.65 million tokens worth $45 million. These crypto tokens will be distributed to its investors, team, and advisors.
