Four Token Unlocks Worth $59.5 Million Hit Schedules This Week

Four scheduled token unlocks for Allora (ALLO), Connex (CONX), Aztec (AZTEC) and YZY (YZY) will carry an estimated combined value of about $59.5 million between Nov. 11 and Nov. 15, according to token-schedule data compiled for the week.

The largest single release belongs to Allora. The protocol is scheduled to release 160 million ALLO on Nov. 11, valued at approximately $23.37 million. That figure is the headline number of the week, and it comes with a structural wrinkle: the tranche represents 65.54% of ALLO tokens already in circulation.

A release that large relative to existing float is the kind of supply event market participants watch closely. When a single unlock exceeds half of the circulating supply baseline, the question is less about the calendar and more about who receives the tokens, whether those recipients are subject to vesting or lockups of their own, and how much of the tranche is likely to reach liquid markets on day one.

What does the rest of the schedule look like?

Connex follows on Nov. 15 with 1.32 million CONX scheduled for release, valued at about $17.72 million. Despite the smaller token count, the dollar value ranks second among the four events. The tranche represents just 1.37% of CONX tokens already released, meaning the release is significant in dollar terms but modest relative to the token's existing supply base.

Aztec's unlock lands on Nov. 13. The schedule calls for 797 million AZTEC to enter release, valued at roughly $10.04 million. That amount equals 31.81% of AZTEC tokens already released — a material supply step-up by any measure, and the second-largest proportional expansion of the week after Allora's.

YZY closes the schedule on Nov. 14 with 29.17 million tokens, valued at about $8.4 million. That represents 4.12% of YZY tokens already released, the smallest proportional increase among the four projects.

The week's release values, in order of dollar size:

• Allora (ALLO): 160 million tokens, ~$23.37 million, Nov. 11 — 65.54% of tokens already released
• Connex (CONX): 1.32 million tokens, ~$17.72 million, Nov. 15 — 1.37% of tokens already released
• Aztec (AZTEC): 797 million tokens, ~$10.04 million, Nov. 13 — 31.81% of tokens already released
• YZY (YZY): 29.17 million tokens, ~$8.4 million, Nov. 14 — 4.12% of tokens already released

Why do unlock percentages matter?

The share of circulating supply tied to each release is often more informative than the raw dollar figure. Allora's 65.54% ratio dwarfs the other three events this week; Connex's 1.37% ratio sits at the opposite end of the spectrum despite a higher dollar value than Aztec or YZY.

The contrast is instructive. Two unlocks of similar dollar value can carry very different operational weight depending on supply structure. A $17.72 million release against a large existing float distributes pressure across a deeper market. A $10.04 million release equal to nearly a third of prior supply — Aztec's case — concentrates the same mechanics in a thinner one.

For teams and treasury planners, scheduled unlocks are also liquidity-management events. Projects approaching large tranche dates typically coordinate around market depth, OTC arrangements and communications, because an unlock that arrives without a plan can translate directly into impaired execution for early recipients and stakeholders who need to realize value.

Who is affected, and when?

The week's calendar spreads the four events across five days, with Allora opening on Tuesday, Nov. 11, Aztec following on Thursday, Nov. 13, YZY on Friday, Nov. 14, and Connex closing the schedule on Saturday, Nov. 15.

Valuations attached to each release reflect token prices at the time of compilation, which means realized values will shift with market movement between now and each unlock date. The $59.5 million aggregate is an estimate, not a fixed figure, and it will be repriced as each date approaches.

Allora's Nov. 11 tranche is the week's first and largest test. With 65.54% of prior released supply entering the market in a single event, it accounts for roughly 39% of the week's total unlock value on its own, and its execution will set the tone for how the remaining three releases are received.