The second week of November 2026 promises to be one of the most intense periods for the digital asset market: unlocked tokens worth a total of more than $623.9 million will hit exchanges. The key events will be the unlocks of Allora (ALLO), Connex (CONX), and Aztec (AZTEC) — projects whose emission schedules are capable of significantly amplifying volatility and influencing price dynamics.
1. Allora (ALLO) — the largest unlock of the week
- Unlock date: November 11
- Amount to be unlocked: 160.22 million ALLO
- In circulation: 244.44 million ALLO
- Total emission: 1 billion ALLO
Allora is a decentralized network built on artificial intelligence, where independent machine learning models compete for forecast accuracy, and the network rewards the most successful participants. The ALLO token is used to pay for AI inference, staking, and project governance.
On November 11, 160.22 million ALLO worth about $23.14 million will enter circulation — that is 65.54% of the entire issued volume. The date coincides with the first anniversary of the start of ALLO trading, which began on November 11, 2025. The bulk — 102.47 million tokens — will go to early investors, while another 57.75 million will be received by key team members.
2. Connex (CONX) — moderate pressure
- Unlock date: November 15
- Amount to be unlocked: 1.32 million CONX
- In circulation: 96.53 million CONX
- Total emission: 100 million CONX
Connex is an open decentralized Web3 network where blockchain provides transparency and fair exchange of value between professionals in the digital economy. CONX holders use the token for settlements and project governance.
On November 15, 1.32 million CONX with an estimated value of $17.01 million will enter the market — only 1.37% of all issued tokens. The team will direct about 822,500 CONX to ecosystem development, while another 500,000 will replenish the community treasury.
3. Aztec (AZTEC) — a large-scale unlock for the fund
- Unlock date: November 13
- Amount to be unlocked: 797.50 million AZTEC
- In circulation: 2.51 billion AZTEC
- Total emission: 10.35 billion AZTEC
Aztec is a privacy-focused Layer-2 for Ethereum that uses zero-knowledge proofs to conceal data about transactions and smart contracts. AZTEC is the network's native token.
On November 13, 797.50 million AZTEC worth $9.88 million will enter circulation — 31.81% of the already issued volume. This entire volume will go to a single category of holders — the fund.
Among other notable unlocks of the week are YZY (YZY), Babylon (BABY), and Aptos (APT). It is worth noting that the data on Allora, Connex, and Aztec is still preliminary and requires final confirmation.
Cryptalist analysis: The combined unlock volume of over $623.9 million creates tangible supply pressure, but what matters most is not so much the amount as the distribution structure. The ALLO unlock, where 65.54% of the issuance goes to early investors and the team, carries the greatest risk of a short-term correction, whereas the AZTEC unlock is concentrated with the fund and may be executed outside the exchange order book. Institutional participants would be well advised to monitor on-chain flow dynamics in the days preceding November 11–15 — they will serve as a leading indicator of real pressure on prices.