A $297 million opening is expected in the crypto market.

This week, it is reported that approximately 297.7 million dollars worth of tokens will be unlocked for 16 different altcoins in the cryptocurrency markets. According to the latest data shared by Tokenomist, token unlockings for many significant projects will attract investors' attention between November 17–24. Especially high-value unlockings have the potential to increase short-term selling pressure on certain altcoins.

The total monetary size of the collective unlockings is noted to be around 297.77 million dollars. The concentration of unlockings could directly affect price movements in specific projects. Among the week's significant developments are collective unlockings and gradual unlockings. Here are the details:

Collective Unlockings (November 17–24)
Prominent projects and token unlockings are as follows:
ZRO: 37.28 million dollars (7.29% of locked supply)
SOON: 25.86 million dollars (4.33% of locked supply)
YZY: 14.59 million dollars (12.50% of locked supply)
ZK: 8.71 million dollars (3.37% of locked supply)
MBG: 7.31 million dollars (9.20% of locked supply)
KAITO: 6.30 million dollars (2.97% of locked supply)
APE: 5.47 million dollars (1.66% of locked supply)

Gradual Unlockings (November 17–24)
Projects that will be gradually unlocking their tokens throughout the week and the data:
SOL: 69.53 million dollars (0.09% of supply)
TRUMP: 34.48 million dollars (2.45% of supply)
WLD: 25.47 million dollars (1.60% of supply)
DOGE: 15.76 million dollars (0.06% of supply)
ASTER: 12.59 million dollars (0.51% of supply)
AVAX: 10.94 million dollars (0.16% of supply)
TAO: 8.34 million dollars (0.26% of supply)
ZEC: 7.51 million dollars (0.07% of supply)
ETHFI: 7.63 million dollars (1.40% of supply)

This week, a total of approximately 298 million dollars worth of tokens are expected to be released into the market. Altcoins with high unlockings such as YZY, MBG, and SOON are likely to experience more pronounced short-term selling pressure. On the other hand, in larger market capitalization projects like SOL, WLD, and TRUMP, the unlockings are expected to have a limited impact.