Altlayer (ALT) leads $253 million token unlock this week

According to data from Tokenomist, Altlayer (ALT) will lead this week’s $253 million unlocks with a substantial cliff-style token release scheduled between March 24 and March 31.

The data shows two different types of token releases affecting the market. One is the one-time “cliff” unlocks that release large quantities of tokens simultaneously and ongoing “linear” unlocks that gradually release tokens on a daily basis.

Altlayer token unlock schedule

Altlayer’s ALT token sets the pace for this week’s largest token unlocks, with 240.10 million tokens worth around $9.29 million to be released. This release accounts for 8.60% of ALT’s current circulating supply. This is the largest percentage increase among larger tokens releasing this week.

Right on the heels of Altlayer is Venom (VENOM), which will deploy 59.26 million tokens worth around $7.06 million over the same time. The VENOM unlock is a slightly lower 2.90% of its circulating supply.

Apart from these single-time cliff unlocks, the market will also experience regular daily token releases in linear unlock schedules. Solana (SOL) still dominates this segment with 465,770 SOL tokens worth $63.11 million being released over a period of time. Although this is a huge dollar value, the SOL release accounts for only 0.09% of its circulating supply.

Some other prominent linear unlocks over this time include Worldcoin (WLD) at 37.23 million tokens ($30.77 million, 3.19% of supply), TIA at 6.99 million tokens ($24.85 million, 1.30% of supply), and Dogecoin (DOGE) at 96.52 million tokens ($16.64 million, 0.07% of supply).

These are some of the timed token releases of the vesting schedules used when token distribution is initially conducted. This is generally implemented to provide a growing circulating supply without immediately flooding the market.

Largest unlocks set to impact market liquidity

The combined value of the week’s token unlocks will introduce over $253 million worth of previously locked cryptocurrencies to potential trading circulation. Solana continues to dominate the dollar value of unlocks with $63.11 million worth of SOL.

Following SOL in terms of value, Worldcoin (WLD) will release $30.77 million, TIA will unlock $24.85 million, and Optimism (OM) will release $16.83 million through linear vesting schedules. These gradual releases typically create less immediate selling pressure than cliff-style unlocks.

Among cliff unlocks, Altlayer’s ALT token release stands out not only for its $9.29 million value but also for the percentage of supply being unlocked. For context, Venom’s $7.06 million unlock is 2.90% of its circulating supply, while Worldcoin’s $30.77 million release accounts for 3.19% of WLD supply.

Less popular token unlocks add market complexity

In addition to the large unlocks, some smaller cryptocurrency ventures are also releasing tokens this week. Statistics on CoinMarketCap indicate that numerous tokens with quite low market capitalizations are witnessing proportionally massive supply boosts.

Axelar (AXL) is already going through a considerable unlock period, with 61.78% of its unlock plan fulfilled. The subsequent unlock will release 13.51 million AXL tokens valued at about $6.02 million, representing 1.13% of locked tokens in total. With a market capitalization of about $418.4 million, Axelar’s unlock may bring significant selling pressure.

NFPrompt (NFP) is halfway through its unlock schedule at 41.85% completed. The project will unlock 14.51 million NFP tokens that are valued at $1.32 million, accounting for 1.45% of the total locked tokens. One of the largest unlocks in percentage to come would be Vultisig (VULT) that has not even started its unlock process (0.00% completed).

The next scheduled unlock will release 75.01 million VULT tokens, or 75.01% of the overall locked supply. With the token now at $0 and no determined market capitalization, this first unlock may set VULT’s first trading range.

Some other significant smaller unlocks are Metahorse Unity (MUNITY) releasing 16.36 million tokens ($32,297 value, 3.27% of locked supply) and Bowled.io (BWLD) unlocking 10.52 million tokens ($3,009 value, 2.10% of locked supply).

For investors in these smaller-capitalization projects, these unlocks may create more pronounced price effects than those seen in larger tokens. Sable Finance (SABLE), for instance, will release 1.82 million tokens, worth just $6,770 but representing 1.82% of total locked supply, with its unlock schedule already 51.10% complete.

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