What to know:

• The weekly token unlock schedule is worth $3 billion, the highest since November.
• ONDO leads the way with 1.94 billion coins scheduled for unlock on January 18.

The altcoin market might experience heightened volatility this week due to an anticipated token unlock plan releasing billions in supply. The ONDO token from Ondo Finance is expected to see the largest release, equating to over 130% of its circulating supply.

On January 18, Ondo will unlock 1.94 billion ONDO tokens, valued at approximately $2.23 billion. This considerable release can affect market prices significantly as it surpasses recent trading volumes ranging between $250 million to $300 million.

Unlocking tokens gradually is a common practice to stabilize markets and avoid drastic price shifts, but when token suspensions are lifted at significant amounts, they can spark substantial fluctuations in the market.

Additional Details

As of the latest market data, ONDO has faced a decline, trading at $1.14, marking a 5% drop for the day and almost 15% overall this month. This downturn follows a peak above $2.10 in December.