The alternative cryptocurrencies (altcoins) market may experience an extra dose of volatility this week as the impending token unlock plan will release billions of dollars worth of supplies for several coins, including Ondo Finance’s ONDO token.

Data from Tokenomist shows that the weekly unlock calendar, which includes names like ONDO, ARB, STRK SEI and others, is worth $3 billion – the largest amount since November.

Decentralized tokenization-focused platform Ondo Finance’s ONDO accounts for a gigantic share of the tally.

On January 18th, the project will release 1.94 billion ONDO worth $2.23 billion, which is over 130% of the token’s circulating supply of around 1.4 billion. ONDO’s impending unlock is also several times larger than its daily trading volume, which has recently ranged between $250 million to $300 million.

Unlocks are staggered releases of tokens that are initially frozen to prevent early investors and project team members from liquidating coins at once. The gradual release helps avoid rapid price swings and market volatility.

Still, we occasionally see ONDO-like unlocks that are larger in terms of the circulating supply of the token or the average daily volume of the coin that threaten to inject volatility into the market. Per Research by The Tie, tokens facing unlocks equal to 100% of average daily volume experience volatility in the lead-up to and after the event.

ONDO changed hands at $1.14 at press time, its lowest since December 2nd, representing a 5% loss for the day and a nearly 15% month-to-date decline. Prices have been in freefall since hitting a record high above $2.10 on Dec. 16, TradingView data show.