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Cryptocurrency News Articles
The Ondo Finance (ONDO) token is leading this week's token unlocks with a massive unlock of 1.94 billion ONDO.
Jan 18, 2025 at 12:42 am
This amount is valued at nearly $2.50 billion at current prices, marking a significant dilution to its holders.
The Ondo Finance (ONDO) protocol is set to lead the upcoming token unlocks with a massive 1.94 billion ONDO. At current prices, this amount is valued at nearly $2.50 billion, which will be increasing the circulating supply by 134.21%.
According to data retrieved by Finbold from Tokenomist on January 18, 2025, the majority of the unlocked tokens will be allocated to “Protocol Development.” For that purpose, 825 million ONDO, worth $1.03 billion, will be used to pay the core developers of Ondo Finance.
In addition to development, the team will also have 792.05 million more tokens at their disposal, this time for “Ecosystem Growth,” which are valued at $990.07 million. The smallest portion of today’s unlock will be distributed to “Private Sales” investors, unlocking 322.56 million ONDO for sales in the open market that would render $403.20 million if sold at these prices.
Overall, Tokenomist identified $2.93 billion worth of token unlocks from 34 cryptocurrencies in the next seven days. Ondo is dominating the upcoming value dilution with the aforementioned event that will happen tonight, followed by Solv Protocol (SOLV). On that note, the second-largest unlock will see $187.79 million of a $180 million market cap cryptocurrency reaching the markets this week.
Other notable unlocks are from Fasttoken (FTN), valued at $77.20 million. The list also includes well-known projects like ImmutableX (IMX), Apecoin (APE), Ethena (ENA), Hatom (HTM), and 1Inch (1INCH).
From another perspective, Solana (SOL), Worldcoin (WLD), and Celestia (TIA) lead today’s linear unlocks. These releases sum up to $78.60 million reaching the market today, and Solana leads with $14.58 million of daily inflation.
While token unlocks and linear inflation are often overlooked by retail crypto investors, these can have a significant influence in each token economics, potentially impacting their price and long-term value. With more tokens reaching the markets, more demand is needed to absorb the selling pressure, which is not always guaranteed.
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