The crypto research platform expects that several cryptocurrency tokens will be launched before January of this year with an estimated value of $7.2 billion.
The think tank says the opening of the multi-billion dollar token is a huge amount, noting that it could have an impact on the cryptocurrency market.
Unlocking Crypto Tokens
CryptoRank announced in a post that an estimated $7.2 billion worth of crypto tokens could be unlocked this January, something the digital asset sector should be looking at for the opportunities and risks it may bring.
In a post on X, the data and statistics research platform lists the top 10 crypto token projects with the highest value to open this month, adding that the list includes Aptos, Circular Protocol, and Arbitrum.
Some analysts say that the crypto market will definitely “feel the heat” as the number of virtual tokens that will be opened is a staggering amount, adding that January could be a wild month in the cryptocurrency sector with this development.
Crypto tokens such as Aptos and Arbitrum and other major players in the digital asset market seem determined to leave their mark on the cryptocurrency landscape, saying that the move could bring new opportunities or a bearish scenario.
7.2 Billion Tokens To Be Launched In January 🔓
The following notable token launches will take place in January:$APT $111.41M$CIRX $108.35M$ARB $86.42M$OP $67.29M$RON $66.89M$ GO $53.35M$UXLINK $36.73M$IMX $35.59M$JTO $35.04M$STRK $32.66M pic.twitter.com/POLP3wI3bq
– CryptoRank.io (@CryptoRank_io) January 6, 2025
Top Crypto Tokens
According to CryptoRank, the data shows that Aptos is seen as the top participant in unlocking tokens with an estimated value of $111 million. The crypto tokens are expected to be released on January 12.
As of press time, Aptos is trading at $10.42 per token with a market capitalization of $5.8 billion.
The data analysis platform said that the Circular Protocol will take the second place to issue 108 million crypto tokens, saying that about 28 billion CIRX tokens will enter the market on January 12.
The third place, according to CryptoRank, is Arbitrum, which is expected to release digital coins worth $86 million.
Market Impact
Financial platform OneSafe said token unlocking occurs when locked tokens are “released into the market.”
“These tokens are usually held by project teams, early investors, or reserved for things like development funding and sales. When these tokens hit the market, they can shake things up by increasing the circulating supply,” explained the financial forum.
Source: Keyrock
Source: KeyrockCrypto firm Keyrock has warned that the opening of crypto tokens may cause negative market responses, stating this conclusion after the company conducted a study of 16,000 open tokens.
The company’s research reveals negative results influenced by the recipients, scale, expectation, time, and other factors, which occur despite taking predetermined steps before the opening of the token.
According to research, opening a large token typically results in about 2.4x the price drop, which increases volatility.
Featured image from Certo Softwarechart from TradingView