FxWirePro- Major Token Unlock today

On December 16, 2024, Cardano will release 18,530,000 ADA tokens. This amount is about 0.05% of all the ADA tokens currently in circulation. The total value of these unlocked tokens is estimated to be around $20 million based on current market prices.

Key Details:

• Total Tokens Unlocked: 18,530,000 ADA
   
• Percentage of Circulating Supply: ~0.05%
   
• Estimated Value: Approximately $20 million based on current market prices

This release is part of a bigger trend in the cryptocurrency world, where many tokens are having their supplies increased due to scheduled unlock events throughout December. Overall, it's expected that around $257 million worth of tokens will be added to the market from different cryptocurrencies, including Cardano.

Such unlock events can make token prices more unpredictable, especially if there are more new tokens available than what people want to buy.

The unlocked tokens will be allocated as follows:

Stacking and Treasury funding reserve :  $18.84 million tokens (0.05%)

Today, December 16, 2024, Arbitrum (ARB) is set to unlock 92.65 million ARB tokens. This release represents approximately 2.27% of the total supply of ARB, which currently has a circulating supply of around 4.09 billion ARB. The unlocked tokens will be distributed among the project's team, advisors, and investors.

• Unlock date: December 16
• Number of tokens unlocked: 92.65 million ARB
• Current circulating supply: 4.09 billion ARB