In January, over $5.5 billion worth of cryptocurrencies are set to unlock, significantly impacting market dynamics. The largest contributors to this total are the ONDO, BGB, HYPE, and TRUMP tokens, which together will release nearly $2 billion.
Leading the unlocks is ONDO, with a scheduled release of 1.9 billion tokens on January 19, valued at more than $840 million. Following closely is BGB, which will see 140 million tokens unlocked on January 26, estimated at around $500 million. Hyperliquid’s release of 12.4 million tokens, worth approximately $327 million, is set for Tuesday.
Typically, such unlocks are part of a crypto project's vesting mechanics. However, substantial releases can lead to short-term fluctuations in prices, especially when market conditions are unstable. This month’s unlocks will distribute tokens through both cliff and linear releases, with about $2.5 billion being unlocked all at once.