The Ondo Finance (ONDO) is leading this week’s token unlocks with a massive unlock of 1.94 billion ONDO. This amount is valued at nearly $2.50 billion at current prices, marking a significant dilution to its holders.
So far, the Ondo Finance protocol has only unlocked 14% of all its 10 billion ONDO supply. The currently circulating 1.45 billion ONDO was achieved with a single unlock event of 1.43 billion ONDO on January 18, 2024, plus daily unlocks of 54,400 ONDO going on for a year.
Today, on January 18, 2025, vesting contracts will unlock 1.94 billion ONDO, increasing its circulating supply by 134.21%. As of this writing, the unlocked amount is worth $2.42 billion, representing one of the biggest crypto unlocks ever.
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Ondo Finance (ONDO) token unlock distribution
Most of the unlocked tokens will be destined to “Protocol Development,” according to data Finbold retrieved from Tokenomist. For that, 825 million ONDO, worth $1.03 billion, will be used to pay Ondo Finance core developers.
Besides development, the team will also have 792.05 million more tokens under its control, this time for “Ecosystem Growth,” valued at $990.07 million.
The smallest share of today’s unlock will be distributed to “Private Sales” investors, unlocking 322.56 million ONDO for sales in the open market that would render $403.20 million if sold at these prices.
Other cryptocurrency unlocks for this week
Overall, Tokenomist identified $2.93 billion worth of token unlocks from 34 cryptocurrencies in the next seven days.
Ondo is dominating the upcoming value dilution with the aforementioned event that will happen tonight, followed by Solv Protocol (SOLV). On that note, second-largest unlock will see $187.79 million of a $180 million market cap cryptocurrency reaching the markets this week.
Other notable unlock is from Fasttoken (FTN), valued at $77.20 million. The list also includes well-known projects like ImmutableX (IMX), Apecoin (APE), Ethena (ENA), Hatom (HTM), and 1Inch (1INCH).
From another perspective, Solana (SOL), Worldcoin (WLD), and Celestia (TIA) lead today’s linear unlocks. These releases sum up to $78.60 million reaching the market today, and Solana leads with $14.58 million of daily inflation.
While token unlocks and linear inflation are often overlooked by retail crypto investors, these can have a significant influence in each token economics, potentially impacting their price and long-term value. With more tokens reaching the markets, more demand is needed to absorb the selling pressure, which is not always guaranteed.
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