Crypto Market to See $3.5 Billion Unlocks in December, Jito Leading with $490 Million Supply Hike

The crypto market is set to witness unlocks worth $3.5 billion in December. Tokenomist data revealed a $574 million unlock among several crypto projects next week. Jito will be the major focus of the unlocks with a $490 million supply hike. Tokenomist data on Friday revealed that the crypto market will witness another week of heavy cliff unlocks worth over $570 million as part of the larger $3.5 billion December supply injection.

com/K2IoEq7YPr — Tokenomist November 29, 2024 Cliff unlocks are periodic releases of vested tokens to investors, team members, community members or other key stakeholders. Prices may decline during cliff unlocks if demand fails to match the new supply. Jito will see the highest cliff unlock volume, injecting over 100 million JTO tokens valued at $496 million into its circulating supply.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto Industry Celebrates Pro-Crypto Congress, Secures Unprecedented InfluenceCrypto executives, investors, and advocates view the recent election as a major victory for the industry, with pro-crypto political action committees (PACs) and related groups raising over $245 million. Nearly 300 lawmakers who support cryptocurrency are set to take seats in the House and Senate, giving the sector unprecedented influence over legislative decisions.
Source: CNBC - 🏆 12. / 72 Read more »