In a major development for the crypto market, digital assets worth $2.68 billion are set to be unlocked in November as multiple blockchain projects reach the end of their vesting periods. Data from Tokenomist, a well-known tracker of token unlocks, reveals that over $900 million in tokens will be released on a cliff basis, while an additional $1.7 billion will unlock gradually.

Several high-profile projects are leading these November unlocks, including Memecoin, Aptos, Arbitrum, Avalanche, and Optimism. These unlocks are closely watched as they can create significant market movement, potentially influencing token prices.

Token vesting schedules are designed to prevent early investors and project teams from quickly selling off large quantities of tokens, protecting the market from sudden price drops. However, as these tokens enter circulation, they can still impact prices, especially for projects with substantial unlocks.

Memecoin is expected to unlock 3.45 billion tokens worth approximately $37.8 million. The project will conduct both a cliff and linear unlock, with around 10 million MEME tokens entering the market daily. MEME is currently trading at $0.010, significantly down from its 2024 high of $0.053.

Layer-1 blockchain Aptos will release 11.31 million tokens valued at $93 million, allocated to core contributors, the community, the foundation, and investors. Avalanche and Optimism will also have major token releases, unlocking $39 million in AVAX and $44 million in OP tokens for their respective stakeholders.

Ethereum’s layer-2 network, Arbitrum, plans to unlock 92.65 million tokens worth $45 million for its investors, team, and advisors. ARB, which hit a peak of $2.39, has since dipped to around $0.48 following previous large-scale unlocks.

As these tokens flood the market, all eyes are on their potential impact on crypto prices.