🔑 Key Takeaways

• Scheduled cliff unlocks for Nov 9–15 total more than $103M, led by $CONX, $ALLO, $AZTEC and $YZY.
• ALLO's $24.19M release equals 38% of circulating supply and goes to Private Investors and Founder / Team.
• Bitcoin slipped about 4% on the week as an AI-led equity sell-off and a strong jobs report pushed spot Bitcoin ETFs to $1.28B of weekly outflows.
• Zcash's NU7 upgrade cut block times to 25 seconds while keeping daily ZEC issuance unchanged.

Weekly Recap

Crypto markets swung around the US midterms and ended slightly lower. Bitcoin started Monday near $78,300, dropped to a seven-week low on election night as Democrats won both chambers of Congress, then recovered above $80,000 when Wall Street opened on Wednesday.

The rebound did not last. On Thursday, a sell-off in AI and chip stocks spread to digital assets: the Nasdaq Composite fell 5.5% and the S&P 500 4.4%. Total crypto market capitalization dropped about 5%, about $1.1B of futures positions were liquidated in 24 hours. CME FedWatch odds of a 25bp rate hike at the December FOMC meeting rose to 76.8% by Friday from 66.9% a week earlier. Bitcoin touched about $74,800 on Friday, its lowest level since late August.

Fallout from the late-October Binance breach continued. Binance said it had replenished about 95% of affected assets by November 2 and completed a proof-of-reserves snapshot, and the FBI attributed the attack to North Korea's TraderTraitor group.

Top 5 Buybacks

From November 2 to November 8, Hyperliquid accounted for more than 86% of the top-five total of about $31.6M.

Upcoming Events

Next week's scheduled token releases are set to exceed $103M in total value, marked at November 8, 2026. Notable tokens facing sizable releases by dollar value include $CONX, $ALLO, $AZTEC, $YZY, and $STRK.

Unlock Spotlight: $ALLO

• Unlock Date: November 11, 2026
• Unlock Amount: $24.19M
• % of Circulating Supply: 38.07%
• Vested Allocations: Private Investors, Founder / Team

Allora is a decentralized intelligence network built with the Cosmos SDK that coordinates machine-learning models to produce predictions and inferences for DeFi platforms, AI agents and other applications. ALLO launched with its mainnet on November 11, 2025, and this release marks the end of the 12-month cliff for its insiders. Under the published tokenomics, 33% of the Backers and Core Contributors allocations unlock at the cliff: 102.47M ALLO for early backers and 57.75M ALLO for core contributors, 160.22M ALLO in total. The remaining 67% then vests linearly over the following 24 months, so this one-off tranche should be followed by smaller monthly releases through late 2028.

At 38.07% of circulating supply, this is the first time locked insider allocations enter the float, which could add supply overhang if recipients sell. Backers include Blockchain Capital, Framework, CoinFund and Polychain, which led a $22M Series A2 in March 2022, when the project was still Upshot. ALLO trades near $0.15 and is down about 10% over the past week, well below its launch-period high.

New TGEs on the Radar

KOR Protocol (KOR)

KOR Protocol is an onchain clearinghouse for creative assets on Base, handling rights, licensing, distribution and royalty settlement for music and video IP. The KOR token began trading on November 4 on KuCoin, Gate, Bitget, MEXC, Bybit and Kraken, after a $7.5M Series A in July backed by 1kx and Blockchain Capital.

• Total Supply: 10,000,000,000 KOR
• Allocation: Ecosystem Development 35.32%, Investors 22.38%, Team and Core Contributors 15.00%, Foundation 10.00%, Marketing 8.30%, Liquidity 5.00%, Community Access 4.00%
• Unlocked at TGE: 22.87% (2.29B KOR), all from ecosystem, foundation, community, liquidity and marketing allocations
• Vesting: Team and investors have a 12-month cliff, then monthly releases

No team or investor tokens were liquid at launch, so insider supply stays locked until late 2027. KOR has not published a tokenomics document of its own, so the figures above are as reported by listing trackers. Vesting for the 35.32% Ecosystem Development allocation has not been detailed.

Extended ($XTEN)

Extended, an on-chain perpetuals exchange that raised a $12.5M strategic round led by eToro in July, published tokenomics for its XTEN token on November 2. A TGE date will be announced separately.

• Total Supply: 1,000,000,000 XTEN, fixed with no inflation
• Allocation: Airdrop 30%, Ecosystem 20% (150M staking rewards and 50M development fund), Founders, Team and Early Investors 50%
• Unlocked at TGE: about 32.9%, made up of the full airdrop plus unallocated ecosystem tokens
• Vesting: nothing unlocks for team and investors for 12 months after listing; the team then vests in 36 monthly installments, while investors receive 25% at month 12 and the rest monthly
• Airdrop: 300M XTEN to Extended Points participants, fully unlocked at TGE

Half of the supply sits with insiders behind a one-year lock, while the airdrop makes up most of the initial float. Extended also says fees paid in XTEN may be burned and that affiliated entities may buy back tokens, with details still to come.

Notable Tokenomics Updates

Zcash

Zcash's NU7 network upgrade went live on mainnet on November 6 at block 3,543,405. It cuts the target block time from 75 to 25 seconds and divides the per-block subsidy by three, so daily ZEC issuance, the halving schedule and the 21M cap are effectively unchanged. NU7 also sends 60% of transaction fees in each block to the Network Sustainability Mechanism, with the remaining 40% going to miners. These fees are set aside for future reissuance rather than burned.

World Liberty Financial

World Liberty Financial announced a new, ongoing WLFI buyback program on November 6, aimed at strengthening its ecosystem and governance. It will be funded by an initial allocation that may include fees earned from USD1 stablecoin reserves and other sources. The size, the schedule and whether repurchased tokens will be burned have not yet been disclosed. It is separate from the buyback-and-burn funded by protocol-owned liquidity fees that holders approved in September 2025.