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Cryptorank

Jito and Neon Lead $574M Token Unlock Wave Set for December 2024


by Maxwell Mutuma
for CoinEdition
Crypto Market Braces for $574M Token Unlocks December 2024
  • Jito’s massive unlock could trigger volatility, impacting price movement significantly.
  • Neon EVM’s unlock may boost sentiment, with nearly 45% of supply released.
  • Cardano’s unlock shows strong market confidence despite a small supply increase.

This week, the cryptocurrency market is set for substantial activity, with a total of $574.8 million worth of tokens unlocking between December 2 and December 8, 2024. This large-scale unlocking event involves various projects, with notable increases in circulating supplies.

As per Tokenomist data, Jito ($JTO) leads with a massive unlock worth $496.71 million, accounting for 103.32% of its circulating supply. Other key tokens include Neon EVM ($NEON), Cardano ($ADA), Taiko ($TAIKO), and Ethena ($ENA). These unlocks have the potential to impact market dynamics significantly, making this week a critical period for investors and analysts alike.

The post Jito and Neon Lead $574M Token Unlock Wave Set for December 2024 appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Ethena Secures $20M From UAE’s M2 Holdings as Synthetic Dollar Protocol Expands Market Reach

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Franklin Templeton Moves $700M Fund to BNB Chain: What Happens Next Could Shock Everyone

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Jito and Neon Lead $574M Token Unlock Wave Set for December 2024


by Maxwell Mutuma
for CoinEdition
Crypto Market Braces for $574M Token Unlocks December 2024
  • Jito’s massive unlock could trigger volatility, impacting price movement significantly.
  • Neon EVM’s unlock may boost sentiment, with nearly 45% of supply released.
  • Cardano’s unlock shows strong market confidence despite a small supply increase.

This week, the cryptocurrency market is set for substantial activity, with a total of $574.8 million worth of tokens unlocking between December 2 and December 8, 2024. This large-scale unlocking event involves various projects, with notable increases in circulating supplies.

As per Tokenomist data, Jito ($JTO) leads with a massive unlock worth $496.71 million, accounting for 103.32% of its circulating supply. Other key tokens include Neon EVM ($NEON), Cardano ($ADA), Taiko ($TAIKO), and Ethena ($ENA). These unlocks have the potential to impact market dynamics significantly, making this week a critical period for investors and analysts alike.

The post Jito and Neon Lead $574M Token Unlock Wave Set for December 2024 appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Ethena Secures $20M From UAE’s M2 Holdings as Synthetic Dollar Protocol Expands Market Reach

Ethena Secures $20M From UAE’s M2 Holdings as Synthetic Dollar Protocol Expands Market Reach

M2 Capital Limited, the investment arm of UAE-based M2 Holdings, has committed $20 mi...
Franklin Templeton Moves $700M Fund to BNB Chain: What Happens Next Could Shock Everyone

Franklin Templeton Moves $700M Fund to BNB Chain: What Happens Next Could Shock Everyone

Franklin Templeton expands its $742M Benji Fund to BNB Chain, boosting BNB’s breakout...