April is set to be a significant month for cryptocurrency investors and enthusiasts alike, with a total of 17 token unlocks scheduled, according to data from Token Unlocks. These unlocks are set to release over $330 million worth of tokens into circulation.

The largest unlock of the month will occur on April 15 by BitDAO (BIT), which will release 187,500,000.32 tokens, worth almost $1 billion. This amounts to 1.951% of its total supply. Following BIT, APECoin (APE) is scheduled to unlock over 15 million tokens, accounting for 1.56% of the project’s total supply, worth over $66 million. Aptos (APT) follows closely behind, with the release of 4.5 million tokens, equating to over $52 million.

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The aggregate amount released from these three unlocks currently sits at $215,628,224, accounting for 63.7% of the total amount expected to be released in April. The remaining tokens will be unlocked by several other projects, including 1 inch (1INCH), Galxe (GAL), Tornado Cash (TORN), Moonbeam (GLMR), DyDx (DYDX), Euler (EUL), Sweat Economy (SWEAT), NYM (NYM), Axie Infinity (AXIE), Immutable X (IMX), Acala (ACA), Ronin (RON), X2Y2 (X2Y2), and Yield Guild Games (YGG).

Investors and traders will be closely watching these token unlocks, as they have the potential to significantly impact the market. The unlocking of large amounts of tokens can lead to increased volatility, as well as the potential for price fluctuations.

It will be interesting to see how the market responds to these token unlocks and whether they will have a lasting impact on the cryptocurrency industry. Nevertheless, it is clear that April is shaping up to be an exciting month for crypto enthusiasts.

#Tokenunlock #unlock #token #crypto2023 #azcoinnews

This article was republished from azcoinnews.com

According to token Unlocks data, there will be a total lock of over $334 million in 8 altcoin projects, including Optimism ($OP ) and Pendle ($PENDLE ), between April 25-1.
The release of more than 1% of the tokens in circulation in general in key openings is significantly negatively reflected in the price. In this direction, key openings in Yield Guild Games (YGG), Echelon Prime (PRIME), Manta Network (MANTA), dYdX (DYDX), ZetaChain (ZETA) and OP special are important next week.
🚨Attention to YGG and PRIME!
Especially in $PRIME, 1.66 million lock openings with a value of 40 million dollars take the lead with the amount of supply in circulation of 4.65%. The key opening, which has a value of 16 million dollars to be experienced in $YGG , should be considered with a supply rate of 5.39%.
The cryptocurrencies that will be unlocked are as follows:
Pendle (PENDLE): 295 thousand assets worth $1 million will be unlocked over the next week. Lock opening transactions will start as of March 27, 03.00 CEST. 0.30% of the circulating supply will be released.
Yield Guild Games (YGG): 16.6 million assets worth $16.6 million will be unlocked as of March 27 at 05.00 CEST. 5.39% of the circulating supply will be released.
SingularityNET (AGIX): 8.8 million assets worth $9.8 million will be unlocked as of March 28 at 03.00 CEST. 0.69% of the circulating supply will be released.
Euler (EUL): 117 thousand assets worth $684k will be unlocked over the next week. Key opening transactions will start as of March 28, 03.30 CEST. 0.63% of the circulating supply will be released.
Optimism (OP): 26.4 million assets worth $100 million will be unlocked over the next week. Lock opening transactions will start as of March 29, 07.00 CT. 2.63% of the circulating supply will be released.
Echelon Prime (PRIME): 1.6 million assets worth $40 million will be unlocked as of March 31 at 03.00 CEST. 4.65% of the circulating supply will be released.
Sui (SUI): 9.67 million assets worth $16.4 million will be unlocked over the next week. Lock opening transactions will start as of March 31 at 03.00 CEST. 0.79% of the circulating supply will be released.
1inch (1INCH): 15 thousand assets worth 9 thousand dollars will be unlocked as of March 31 at 11:00 CEST. 0.01% of the circulating supply will be released.
Manta Network (MANTA): 3 million assets worth $9 million will be unlocked over the next week. Key opening transactions will start as of April 1, 02.59 CT. 1.23% of the circulating supply will be released.
dYdX (DYDX): 33 million assets worth $114 million will be unlocked as of April 1 at 03.00 CEST. 11.35% of the circulating supply will be released.
Stepn (GMT): 22.5 million assets worth $7 million will be unlocked over the next week. Lock opening procedures will start as of April 1, 03.00 CEST. 1.22% of the circulating supply will be released.
Yearn.finance (YFI): 1.19 assets worth $10,000 will be unlocked over the next week. Lock opening procedures will start as of April 1, 03.00 CEST. 0.01% of the circulating supply will be released.
Akash Network (ECT): 532 thousand assets worth $3 million will be unlocked over the next week. Lock opening procedures will start as of April 1, 03.00 CEST. 0.23% of circulating supply will be released.
ZetaChain (ZETA): 3 million assets worth $13 million will be unlocked over the next week. Lock opening procedures will start as of April 1, 03.00 CEST. 2.66% of the circulating supply will be released.
Tornado Cash (TORN): 91 thousand assets worth 273 thousand dollars will be unlocked as of April 1, 06.30 CEST. 2.41% of the circulating supply will be released.
#YGG #UnlockAlert #Tokenunlock

#Flow token (FLOW) will unlock 2.6 million tokens (approximately $2.22 million) on January 16 at 08:00, accounting for 0.18% of the circulating supply.#ApeCoin token (#APE) will unlock 15.6 million tokens (approximately $22.78 million) on January 17 at 08:00, accounting for 4.23% of the circulating supply. A “token unlock” typically refers to the process of gaining access to and using a cryptocurrency or blockchain token that was previously locked or restricted in some way.Tokens can be locked for various reasons, and unlocking them usually involves meeting certain conditions or criteria. Here are a few common scenarios where token unlocks might occur:1. Team Vesting: In many instances, early team members and investors receive tokens with a stipulation — a predetermined period of lockup. This measure serves to deter them from flooding the market with tokens, a move that could lead to a swift decline in the coin’s value.2.Token Sales: In initial coin offerings (ICOs) or token sales, participants often receive tokens that are initially locked to prevent immediate dumping or speculation. These tokens may have release schedules, with portions becoming unlocked at specific intervals or when certain milestones are reached.3. Airdrops: Airdrops involve the distribution of tokens to individuals at no cost, often in exchange for completing specific tasks or holding a designated coin. However, these airdropped tokens frequently come with lockup periods to discourage recipients from quickly liquidating them.4.Staking: Some blockchain networks require users to lock up a certain amount of tokens as collateral to participate in network activities like staking or providing liquidity. These tokens are typically locked for a specified duration, and when the staking period ends, they can be unlocked and withdrawn.5.Smart Contract Functions: Smart contracts on blockchain networks can have functions that allow token holders to lock or unlock their tokens for specific purposes. For example, tokens might be locked in a smart contract as collateral for a decentralized finance (DeFi) loan, and they can be unlocked once the loan is repaid.6.Security Measures: In some cases, tokens might be temporarily locked as a security measure, such as in the event of a security breach or hack. Once the security issues are resolved, the tokens can be unlocked and returned to their rightful owners.The specific conditions and methods for token unlock vary depending on the blockchain and the smart contracts involved. It’s important for token holders to be aware of the terms and conditions associated with token locks and unlocks to ensure they understand when and how they can access their tokens. Failure to meet these conditions may result in tokens remaining locked or being permanently lost.What are the effects on the crypto market?The unlocking of crypto tokens can have various effects on the cryptocurrency market, depending on several factors, including the size of the token release, market sentiment, and the overall state of the crypto ecosystem. Here are some potential effects:Price Volatility: Token unlocks can lead to price volatility, especially if a significant number of tokens become available for trading at once. If early investors or team members with large token holdings decide to sell, it can put downward pressure on the token’s price.Market Sentiment: Market sentiment plays a crucial role. If investors believe that the token unlocks will lead to a sell-off, it can lead to a bearish sentiment and drive prices down. Conversely, if there’s confidence that unlocked tokens will be used for productive purposes or staked within the project’s ecosystem, it may have a more positive impact.Overall Market Conditions: The broader state of the cryptocurrency market can also influence the impact of token unlocks. If the overall market is bullish, it may absorb sell pressure more easily. Conversely, during a bear market, token unlocks can exacerbate price declines.Liquidity: The unlock of tokens can increase liquidity in the market as more tokens become available for trading. This can make it easier for traders to enter and exit positions, which can affect trading volumes.Project Development: In some cases, token unlocks are tied to project development milestones. Unlocking tokens upon achieving these milestones can signal progress and commitment to the project’s goals, potentially boosting confidence and attracting more investors.It’s important to note that the effects of token unlocks are not uniform and can vary widely from one project to another. Token holders, investors, and project teams should closely monitor the specifics of the unlock event and the prevailing market conditions to assess potential impacts accurately. Additionally, transparency and clear communication from project teams about token unlock schedules and intentions can help manage market expectations.How much should we take this into account in our technical analysis and current transactions?When conducting technical analysis and making cryptocurrency trading decisions, it’s essential to factor in the potential impact of token unlocks or other events that can influence a specific token’s price. Be aware of the token unlock schedules for the cryptocurrencies you are dealing with, as this information is often provided in project documentation or official announcements. Token unlocks can introduce volatility into the market, so it’s crucial to incorporate this potential volatility into your risk management strategy. Additionally, consider both technical and fundamental analysis, taking into account the project’s development progress, partnerships, and community sentiment. Market sentiment and investor behavior around token unlock events can also play a significant role, so staying informed about these aspects is essential. Implement risk management strategies, diversify your portfolio, and align your trading horizon with your investment goals to effectively navigate the cryptocurrency market amidst token unlock events. Lastly, staying up-to-date with the latest project developments is crucial as unforeseen updates or changes can impact token prices.#Tokenunlock