$208 million is set to flood the market.
The crypto ecosystem will experience a sell-off in many crypto tokens due to the token launch. Investors will unlock a total of $208.53 million worth of tokens over the next 7 days. Let's explore these tokens and what we can expect from the market.
Major simulation opens on the horizon.
Drops Tab data shows that 26 tokens will be unlocked in the next seven days. Let's see which ones are above.
Next to the protocol
Near protocol. This is because the opening is in the next 5 hours. This token is currently trading at $6.34 and has a market value of $7 billion. Currently 94.70% of the supply is in distribution. Vesting will release 254,683 tokens in the next 5 hours. Near Protocol will systematically unlock these tokens over a 48-month holding period. Investors have already received 88.55% of the total locked tokens. This opening will release another 0.03% of supply into the market. 11.45% of the total market cap of this token is still locked. This brings the total locked-in supply to $726 million. 0.03% of the maximum supply is released daily. The last opening round will be on October 12, 2025.
XPLA
At the current trading price of $0.1244, XPLA token has a market cap of $77.16 million. This token is also set to open in the next 5 hours. This will open up a total of 18.74 million XPLA tokens to the market. 80.75% of the total locked tokens have already been released. Today's open releases another 0.94% supply. The last opening round will be on December 21, 2026.
MintLayer
In the year Launched in March 2023, this token has only 10.70% of its total supply in circulation. At the current market value of $9.67 million, this token trades at $0.15. 17.51% of total supply is locked for long term cover. Each month, the proprietary contract will release 1.12% of the total supply until February 2025. After that, the market will release 0.35% from March 2025 to December 2025.
Along with these 3 tokens, SAFE, ALT, FP, ID, FIDA and 18 other tokens will be released from the locked supply. You can check the list of all tokens that will be released in the next 400+ days and plan your actions accordingly.
Token Open market impact
Historical market data shows two outcomes when investors open captive tokens. Either investors withdraw their profits or invest the tokens in various protocols for profit rewards. The share feature is not available for every crypto token. People can sell the issued tokens but fail to invest the money in other new cryptos. In most cases, investors will profit from the tokens issued because they bought in the pre-launch or ICO rounds.
