Yigit Taha OZTURK 
The cryptocurrency market could see increased volatility this week as a $3 billion token unlock schedule looms. Leading the charge is Ondo Finance‘s ONDO token, which is set to experience a significant increase in supply.
ONDO Token Unlock Scheduled
Ondo Finance will unlock 1.94 billion ONDO tokens on January 18, valued at approximately $2.23 billion. This amount exceeds 130% of the token’s circulating supply, which is currently 1.4 billion. The upcoming unlock is also several times larger than ONDO’s average daily trading volume, which has recently ranged between $250 million and $300 million.
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Token unlocks are typically designed to release tokens gradually to prevent early investors and project teams from liquidating their holdings all at once. This approach aims to avoid sharp price swings and maintain market stability. However, unlocks like ONDO’s—where the unlocked amount surpasses both the circulating supply and daily trading volume—can inject significant volatility into the market.
Token Unlock Calendar and Altcoin Market
According to Tokenomist, the January 13 to January 19 token unlock calendar will release a total of $3 billion worth of tokens, marking the highest weekly unlock amount since November.
Other notable projects with token unlocks this week include ARB, STRK, and SEI. Research from The Tie indicates that tokens with unlocks equal to or exceeding 100% of their average daily volume tend to experience heightened volatility both before and after the unlock event.
ONDO Price Movements
ONDO is trading at $1.14 at the time of writing, the lowest price since December 2. This represents a 5% daily loss and a 15% decline month-to-date. ONDO’s price has been in a steady downtrend since hitting an all-time high of $2.10 on December 16, according to TradingView data.
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