Crypto prices started the year being under pressure as the recent risk-off sentiment continued. However, January may turn out to be a strong month for cryptocurrencies, thanks to several planned events. Here are some of the top crypto events to watch in January.

Top Crypto Events To Watch In January

The most notable crypto events to watch in January will be Donald Trump’s inauguration on January 20, Solana ETF approval deadlines, Federal Reserve decision, token unlocks of major cryptocurrencies, and continued focus on AI agent tokens.

Ai Agent Performance And ai16z Tokenomics

The first important cryptocurrency event to watch will be on AI agents, which have become highly popular recently. For example, VIRTUAL price surged in 2024 and was one of the best-performing crypto in the industry.

Similarly, ai16z price surged, making it one of the top meme coins in crypto. Now, the developers are working on changing its tokenomics and launching a layer 1 network similar to Pump.fun. The launch of the new tokenomics may impact the ai16z price and that of other cryptocurrencies. 

Major Token Unlocks in January

Token unlocks refer to a situation where new tokens are introduced to the market. These tokens are given to early contributors, venture capital firms, treasury, and holders, among others. Ideally, unlocks are usually negative since they increase the circulating supply. However, in some instances, some cryptocurrencies tend to rise ahead or after the airdrop.

Sui and Ethena unlocked tokens worth $264 million and $12 million on January 1. The other top unlocks scheduled this month will be Aptos ($103 million), Arbitrum ($70 million), and Ondo Finance ($2.6 billion).

Federal Reserve Decision

One reason why cryptocurrency prices crashed in December was that the Fed delivered a highly hawkish statement. Therefore, the next meeting, scheduled on January 29, will be a top crypto event to watch as the bank will deliver its guidance on rates. 

Before that, the upcoming nonfarm payrolls data scheduled on January 10 and consumer price index numbers set for Jan. 15 will have an impact on crypto prices. The Fed will use these numbers to make its rates decision.

Donald Trump Inauguration

The next key cryptocurrency event will be Donald Trump’s inauguration on January 20. This will be an important event because it will usher in a new era in the crypto industry. Trump has publicly endorsed Bitcoin and other cryptocurrencies, nominated Paul Atkins to lead the SEC, and is creating a crypto council. His inauguration will happen as Gary Gensler resigns, a move that could symbolically push prices higher.

Solana ETF Approval Deadline

The SEC will deliver its verdict on Solana ETF applications by companies like VanEck, 21Shares, Canay, and Bitwise in January. While the deadline is on January 25, there are chances that it may deliver it earlier. Still, odds are that the agency will reject these ETFs because it sees Solana as an unregulated security. That view may change once Paul Atkins becomes the head.

Other Top Cryptocurrency Events In January

The other notable events to watch in January will be the deadline for Pi Network KYC grace period and FTX distributions.

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crispus

Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.