Top Token Unlocks on Nov 17: Check Upcoming Token Unlocks List
Top Token Unlocks: SuperRare, Nuklai, MerlinStarter, ApeCoin, Neon EVM
The cryptocurrency market is always buzzing with activity, and one significant event that investors keep an eye on is token unlocks. These events can influence token prices and market behavior. Here, we dive into the top token unlocks of the upcoming week and explore how each project aligns with the token unlock schedule. From SuperRare to Neon EVM, here’s what to watch for.
SuperRare (RARE)
SuperRare is a curated on-chain art marketplace known for championing perpetual artist royalties. The upcoming token unlock on November 17, 2024, will release 13.34 million RARE tokens, valued at $1.61 million, representing 1.33% of the max supply. With a total supply of 1 billion RARE and 718.16 million already in circulation, this event is critical for those tracking top tokens to unlock. Currently, RARE holds a market cap of $86.88 million.
Nuklai (NAI)
Nuklai is a unique data marketplace merging community-driven insights with established business datasets. It’s set for a significant token unlock on November 17, 2024, releasing 383.46 million NAI tokens worth $3.1 million, which constitutes 3.83% of the max supply. With 31.11% of its total supply already unlocked, investors may closely follow this upcoming token unlock to gauge its potential impact. NAI holds a market cap of $8.24 million and boasts a max supply of 10 billion.
MerlinStarter (MSTAR)
MerlinStarter serves as a strategic IDO launchpad supporting early-stage projects on MerlinChain, primarily for BTCLayer2. The top token unlock event on November 17, 2024, will see 36.44 million MSTAR tokens valued at $623,021.22 being unlocked, equating to 3.64% of its max supply. Currently, 31.96% of MSTAR tokens are in circulation, with a market cap of $2.38 million. This unlock is part of MerlinStarter’s growth, and investors may find it among the top tokens to invest.
ApeCoin (APE)
A well-recognized name in crypto, ApeCoin empowers the APE Ecosystem as an ERC-20 utility token. A noteworthy token unlock on November 17, 2024, will release 15.38 million APE tokens worth $17.77 million, making up 1.54% of the max supply. APE has a current market cap of $873.05 million, with 74.08% of its tokens already unlocked. This upcoming release could be pivotal for investors monitoring token unlocks crypto.
Neon EVM (NEON)
Neon EVM is a smart contract layer on Solana, enhancing security and scalability through Solana's proof-of-history consensus. The upcoming token unlock on November 17, 2024, will add 49.76 million NEON tokens to circulation, valued at $18.77 million, comprising 4.98% of the max supply. With 49.21% already unlocked, this event is essential for those following the token ranking in Top Token Unlocks.
Conclusion
Understanding how to unlock token supply impacts can provide valuable insights into market dynamics. These top token unlocks not only signify potential price shifts but also highlight growth and strategic moves in the projects. From SuperRare to Neon EVM, staying informed on the top token unlocks of the upcoming week is vital for strategic investors.
