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ZizyⓂ️ena🎭 🧑🦲
@zizymena
In November 2024, over $2.68 billion worth of cryptocurrency tokens will be unlocked as vesting periods for several major projects end. 1. Memecoin (MEME): 3.45 billion tokens ($37.8 million) will be unlocked, with daily linear releases of 10 million tokens. 2. Aptos (APT): 11.31 million tokens ($93 million) distributed to contributors, community, foundation, and investors. 3. Arbitrum (ARB): 92.65 million tokens ($45 million) allocated to its team, investors, and advisors. 4. Avalanche (AVAX): 1.67 million tokens ($39 million) released for foundation use. 5. Optimism (OP): 31.4 million tokens ($44 million) unlocked for investors and contributors. These unlocks could increase token supply, potentially leading to price volatility.
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Steve Ⓜ️
@stevebeachy
I can’t say I’m a fan of these projects with these huge token unlocks that put a lot of downward pressure on the token price. 🥹 The only thing that can really offset this is hype. I have been heavily involved in the Jupiter project since I received the first airdrop in January 2024. Staking rewards are great right now ( last quarter paid 18% ) and there is another airdrop in January 2025. The tokenomics on this project are not great, but there is a fair amount of hype. I will probably be selling the majority of my bag in 2025 hopefully at the peak of the bull run. 😁
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ZizyⓂ️ena🎭 🧑🦲
@zizymena
You are right. The huge unlocks are going to affect the prices drastically especially as it is bull season. Good to know you are heavily involved in Jupiter project. It's actually a great project and jup will do some great run this bull season. Unfortunately I just have little of it. And yes, i am also selling off my bags peak of the bull season. When do you think will be the peak? March?
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Steve Ⓜ️
@stevebeachy
If I had to guess, October. Jupiter has been really good to me. 1600 tokens the first airdrop and a 40% return on 6 months staking. I have been churning a lot of swaps on Jupiter and have two wallets that exceeded $30k in transaction volume so I’m hoping for a really nice airdrop January 2025. Personally, I love the project but I’m going to have to take profit in 2025 ! The party can’t go on forever ! 😅
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ZizyⓂ️ena🎭 🧑🦲
@zizymena
1600 tokens is a lot. I only got 200 and I'm still holding that. 😂 You are very ready for jupuary my friend.
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Steve Ⓜ️
@stevebeachy
Yes !!! 😁👍
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