The unlock calendar crowd has one date circled this week, and it is not a small one.
$KITE unlocks about 640M tokens on Tuesday, November 3 at 21:00 Beijing time, worth roughly $75.6M at current prices (PANews, Token Unlocks data). That is 17.42% of its circulating supply hitting the market in a single tranche, released to Ecosystem and Community (Tokenomist).
And KITE does not arrive in a quiet week. BTW unlocks first, today at 16:00 Beijing time, about 101M tokens worth roughly $114M, so the supply wave starts before KITE even lands.
Why it matters: this is not just another weekly tranche. KITE's one-year team and investor lockup expires in early November, and trackers disagree on the full cliff size, with one analysis putting the broader unlock near 1.11B tokens, or more than 40% of what trades today (CryptoCompass). The 640M figure is the scheduled November 3 tranche. The wider cliff is why the overhang looks bigger than one line item.
My take: this is not a story about one unlock day, it is about how much of KITE's float was never really free until now. An unlock adds supply, it does not automatically mean selling. But a 17% jump in circulating supply is not the same as a routine weekly release, and the real test is what recipients do with the tokens.
๐ข Bullish scenario: recipients hold, and the unlock passes as a non-event.
๐ด Bearish scenario: even a fraction of 640M tokens sold pressures a thin float, and the cliff narrative does the rest.
What to watch: KITE's price into Tuesday 21:00 Beijing time, on-chain claims and exchange inflows after the unlock, and whether team or investor wallets move first. $BTC sits at $77,770 with fear/greed at 34 (Fear), so there is little risk appetite to absorb a supply shock.
Is a 17% supply jump in one night already priced in, or is the market still underestimating the cliff? ๐
Not financial advice. DYOR.
#crypto #TokenUnlocks
$KITE unlocks about 640M tokens on Tuesday, November 3 at 21:00 Beijing time, worth roughly $75.6M at current prices (PANews, Token Unlocks data). That is 17.42% of its circulating supply hitting the market in a single tranche, released to Ecosystem and Community (Tokenomist).
And KITE does not arrive in a quiet week. BTW unlocks first, today at 16:00 Beijing time, about 101M tokens worth roughly $114M, so the supply wave starts before KITE even lands.
Why it matters: this is not just another weekly tranche. KITE's one-year team and investor lockup expires in early November, and trackers disagree on the full cliff size, with one analysis putting the broader unlock near 1.11B tokens, or more than 40% of what trades today (CryptoCompass). The 640M figure is the scheduled November 3 tranche. The wider cliff is why the overhang looks bigger than one line item.
My take: this is not a story about one unlock day, it is about how much of KITE's float was never really free until now. An unlock adds supply, it does not automatically mean selling. But a 17% jump in circulating supply is not the same as a routine weekly release, and the real test is what recipients do with the tokens.
๐ข Bullish scenario: recipients hold, and the unlock passes as a non-event.
๐ด Bearish scenario: even a fraction of 640M tokens sold pressures a thin float, and the cliff narrative does the rest.
What to watch: KITE's price into Tuesday 21:00 Beijing time, on-chain claims and exchange inflows after the unlock, and whether team or investor wallets move first. $BTC sits at $77,770 with fear/greed at 34 (Fear), so there is little risk appetite to absorb a supply shock.
Is a 17% supply jump in one night already priced in, or is the market still underestimating the cliff? ๐
Not financial advice. DYOR.
#crypto #TokenUnlocks
