This week important token unlocks totaling over $58 million in crypto are set to take place, potentially affecting the coins' prices.
Here are the most important token unlocks of the week.
Top 7 Crypto Token Unlocks
1. Neon (NEON)
On November 7, 53.91 million NEON tokens are set to be unlocked, representing almost 5.4% of the total token amount. The unlock amount is almost $20 million or 44.8% of the fully diluted market cap of the token set at $369 million.
According to data from CryptoRank, so far, 45.5% of the total token amount has been unlocked.
During the past seven days, NEON's price recorded a descendant trajectory and the coin is down by 18% at the moment of writing this article. Its total market cap is over $21 million and the coin is priced above $0.36.
2. Conflux (CFX)
On November 9, over 87 million CFX tokens are set to be unlocked, representing over 1.5% of the total token amount. The unlock amount is over $11.5 million, or over 1.9% of the fully diluted market cap of the token of $739 million.
So far, over 88% of the total token amount has been unlocked, according to CryptoRank.
During the past seven days, the coin recorded a downward trend, from price levels at $0.15. Now, the coin is trading at $0.13 and it has a market cap of almost $600 million.
3. Galxe (GAL)
Tomorrow, November 5, over 5.1 million GAL tokens will be unlocked, representing almost 2.6% of the total token amount. Also, the unlock amount is over $9 million, or about 4% of the fully diluted market cap of the token of $351 million.
So far, over 65% of the total token amount has been unlocked.
GAL is now priced at $1.72 and it has a market cap of over $16 million.
In July, Galxe (GAL) token migrated to Gravity (G) to unify and optimize experience across both ecosystems. GAL is an ERC-20 governance token compatible with Ethereum.
4. Xai (XAI)
On November 9, over 35 million XAI tokens will be unlocked representing almost 13% of the total token supply. The unlock amount is over $6 million, or 13% of the fully diluted market cap of the token of $442 million.
So far, over 22% of the total token supply has been unlocked.
In the past week, XAI had a descendant trend that debuted on October 30 from $0.22 levels. Now, the coin is trading at $0.17 and it has a market cap of over $129 million.
5. Cellana Finance (CELL)
On November 6, 130 million CELL tokens will be unlocked representing over 12% of the total token amount. The unlock amount is over $4.2 million or 40% of the fully diluted market cap of the token of $34.8 million.
So far, over 18% of the total token amount has been unlocked.
During the past seven days, the price of CELL dropped from $0.04 levels to current prices above $0.03. The coin has a market cap of over $10 million.
Cellana is a community-owned DEX on the Aptos network.
6. Sleepless AI (AI)
Today, November 4, over 10 million AI tokens are unlocked, representing over 1% of the total token amount. The unlock amount is over $3.5 million, or more than 8% of the fully diluted market cap of the token of $329 million.
So far, 23.6% of AI tokens have been unlocked, according to data from CryptoRank.
Last week the price of AI dropped from $0.4 levels on October 29 to today's price of $0.32. The token has a market cap of over $78 million.
Sleepless AI is a Web3 and AI gaming platform.
7. Cetus Protocol (CETUS)
On November 10, over 19.5 million CETUS tokens will be unlocked representing almost 2% of the total token amount. The unlock amount is over $3.3 million or around 6% of the fully diluted market cap of the token of $169 million.
So far, over 33% of the total token amount has been unlocked.
In the past week, CETUS price spiked to levels above $0.19 on November 1, and it's now trading at $0.17 today, with a market cap of over $48 million.
Cetus is a DEX and concentrated liquidity protocol built on SUI and Aptos blockchains.
Token unlocks are important events because they can influence the selling or buying pressure for the coins.