$20M in NEON to be Unlocked: What to Expect?

• Over $20 million in NEON will be released in the crypto market on November 7th.
• $6.32 million in ADA and $7.14 million in XAI are also awaiting unlocking events.
• ENA, HFT, and EIGEN will also unlock tokens worth around $10 million.

Between November 4th and November 10th, over $46.34 million worth of cryptocurrencies will enter the market due to token unlock events. Neon EVM (NEON), a smart contract platform on Solana (SOL), leads these unlocks. Other notable projects with upcoming token unlocks include Cardano (ADA), Xai (XAI), Ethena (ENA), EigenLayer (EIGEN), and Hashflow (HFT).

According to data from Tokenomist (formerly TokenUnlocks) on X (formerly Twitter), more than $20.85 million in NEON (44.92% of the circulating supply) will unlock on November 7th. As of November 4th, NEON is trading at $0.3767, down 3.73% in the past 24 hours and 90.26% from its all-time high of $3.86.

Read also: Chainlink’s LINK: Poised for a Breakout, Analysts Prediction

Cardano and Xai Unlocks Follow

Similarly, $6.32 million in ADA and $7.14 million in XAI, representing 0.05% and 4.90% of their respective circulating supplies, will enter the market on November 6th and November 9th, respectively.

Currently, ADA is trading at $0.332, down 3.22% in the past 24 hours and 89.28% from its all-time high of $3.10, while XAI trades at $0.1769, down 3.83% in the past day and 88.92% from its all-time high of $1.60.

Other Major Token Unlocks to Watch

Beyond these major unlocks, 0.47% of the circulating supply of ENA, worth $4.73 million, will unlock and enter the market on November 6th, following the release of $3.57 million in EIGEN (0.69% of the circulating supply) on November 5th. Also, on November 7th, $1.74 million in HFT (2.93% of the circulating supply) will unlock.

Based on CoinMarketCap data, ENA is trading at $0.3389, down 8% in the past day and 77.66% from its all-time high of $1.52; HFT is priced at $0.1164, down 0.93% in the last 24 hours, and 95.49% from its all-time high of $2.58; and EIGEN trades at $2.37, up 2% in the past day and down 47.62% from its all-time high of $4.53.