The crypto market will likely experience volatility this week as investors react to some notable news, including the Supreme Court ruling on Donald Trump’s tariffs, major token unlocks, US inflation data, and a potential deal on the CLARITY Act. This article explores some of the top cryptos to watch this week, including Avalanche (AVAX), Kaito (KAITO), and Toncoin (TON).
Avalanche to unlock tokens as active addresses jump
AVAX price has remained under pressure over the past few months and underperformed most major tokens. It has dropped by 80% from its 2024 peak despite major network developments.
For example, Avalanche has become one of the fastest-growing blockchains in the crypto industry. Its active users rose by over 258% in the last 30 days to over 1.5 million.
Most importantly, it has become a major player in the RWA industry. Just last week, Galaxy launched a new CLO worth $50 million on Avalanche, bringing its total assets to $1.35 billion.
AVAX price will be in the spotlight this week as the network unlocks tokens worth over $22 million. These token unlocks likely explain why the AVAX price has remained under pressure in the past few months.
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Kaito Token Unlocks After Ending Yaps
Kaito price has come under pressure in the past few months, plunging by over 80% from its all-time high. The decline continued last week after the network ended yaps, following X’s decision to end incentivized posts. It then launched Kaito Studio.
The Kaito token will be in the spotlight this week as its supply continues to rise through token unlocks. It will unlock tokens worth over $4 million on Monday. These tokens will account for 3.4% of the float, which is a big number. 30% of Kaito tokens are now in circulation, meaning that there will be more unlocks in the future.
Toncoin is Another Top Crypto to Watch
Toncoin, the crypto project started by Telegram, is another top cryptocurrency to watch this week as it unlocks TON tokens worth over $62 million or 1.5% of the float.
The unlock comes at a time when the price has plunged by over 80% from its all-time high, and its ecosystem, including tap-to-earn tokens like Hamster Kombat, has imploded.
The other top tokens to watch this week are Optimism (OP), Pendle, Ondo, and ZkSync. The Optimism community will start voting on a proposal to begin burning OP tokens on January 22. Ondo Finance unlocked tokens worth over $763 million, or 61% of its supply, on Sunday, while ZkSync will publish its road map for the year.
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