Japan’s Prime Minister reiterates commitment to Web3 development amidst anticipation of #Binance’s upcoming launch...

Japan PM embraces Web3

#Prime Minister Fumio Kishida of Japan has reaffirmed his country’s dedication to supporting the Web3 business, citing the sector’s potential to revolutionize the web and spark societal transformation. 

In a keynote address on the first day of the #WebX conference in Tokyo, Kishida made the remarks that were first covered by the regional newspaper CoinPost. The crypto exchange’s services would begin to be offered on a new Japanese platform in #August 2023, according to a statement made by Binance #CEO Changpeng Zhao the same day.

#Prime PUMPED HARD

$PRIME 96% UP SINCE UPDATE WITHOUT ANY LEVERAGE IN SPOTS 😎

❤️ THIS POST AND I WILL SHARE THE NEXT 10X GEM COIN

Upcoming Token Unlocks

Let's take a look at the compilation of major upcoming token unlocks, diving into details such as dates, amounts, and projects related to tokens that are currently locked up, but will soon be released to the market. During this week, $DYDX , $SUI , $AXL , $PRIME, and $AI will have the biggest unlocks.

#SUI- #BTC #DYDX/USDT #AXL #Prime

💸 **Token Unlock Alert: $334 Million This Week!** 💸

📅 **Date:** Feb 26, 2024

🔓 **Token Unlocks This Week:**
DYDX, OP, and PRIME are set to unlock with a total release value of approximately $334 million.

🚀 **Highlighted Unlocks:**
- Nym (NYM): 25 million tokens on Feb 27, 8:00 ($5.36 million)
- Yield Guild Games (YGG): 16.69 million tokens on Feb 27, 10:00 ($8.95 million)
- SingularityNET (AGIX): 8.97 million tokens on Feb 28, 8:00 ($6.56 million)

📈 **Significant Unlocks:**
- Echelon Prime (PRIME): 1.66 million tokens on Feb 29, 8:00 ($20.97 million)
- Optimism (OP): 24.16 million tokens on Feb 29, 12:00 ($88.66 million)
- DYDX (dYdX): 33.33 million tokens on Mar 1, 8:00 ($117 million)

💼 **Circulating Supply Impact:**
These unlocks range from 0.34% to 11.09% of the circulating supply, influencing market dynamics.

📊 **Token Market Impact:**
Keep an eye on the market as these tokens unlock, potentially impacting their respective projects and broader cryptocurrency trends.

#NYM #dydx #Prime #Optimisum #tokens
$OP $DYDX

#Alert!!

3 Cryptocurrencies To Avoid Trading This Week👇

🔺Avoid Trading dYdX (DYDX) Amid Massive Unlock
🔺Optimism (OP) Token Unlock
🔺Echelon Prime (PRIME)

1. Avoid Trading dYdX (DYDX) Amid Massive Unlock

First, dYdX (DYDX) amounts to nearly 45% of the total unlocked tokens next week, and speculators should avoid trading it.

The decentralized exchange protocol will release 33.34 million DYDX on February 29, worth $130 million by press time.

Private investors will receive the most of it, 18.49 million tokens worth $72.10 million, which suggests profit realization.

Further, the team will receive the remaining 14.85 million, which may also go through a sell-off.

2. Optimism (OP) Token Unlock

Second, crypto investors should avoid trading Optimism (OP) as next week’s second-largest unlock.

The layer-2 protocol for Ethereum (ETH) will release 24.16 million OP earlier on February 29, worth $86.73 million.

Interestingly, the distribution will be similar for the team (‘Core Contributors’) and private investors.

The former will receive 12.75 million OP, while the latter will receive 11.41 million tokens.

3. Echelon Prime (PRIME)

Finally, Echelon Prime (PRIME) will unlock $20.44 million worth of 1.66 million PRIME a day before the other two, on February 28.

912,040 PRIME will go to the Parallel Studios reserve and 750,000 to its private investors.

Thus, the Web3 gaming studio native token is another cryptocurrency to avoid trading next week for investment protection.

#Note - However, these cryptocurrencies can still perform well in the following days despite the expected sell-offs.

The cryptocurrency market is highly volatile and unpredictable, meaning everything can happen in the short term.

#Write2Earn #dYdXChain #Optimisim #Prime

Orderly Network and Xade Finance have partnered to improve liquidity and trading experience. The integration will allow users to trade perpetual contracts directly in the order book, with full-chain liquidity.

Additionally, Orderly Network has also partnered with Prime Protocol, a cross-chain prime brokerage, to offer Orderly-powered perpetual contracts.

#orderlynetwork #xade #Prime #Orderly #StartInvestingInCrypto

If the Market is RED, price of GEMs is near to Smart Money's entry! Will you miss those opportunities again? 🤔

1. $TAO - Average buying price of Smart Money is $596 and market price of #TAO is around 655. A small group of Smart Traders begin to take profits, while Whales are accumulating more (Image 2)

- The previous time, Whales took profits gradually regarding the decrease in price, but in the last 24hrs, they have bought more 4.91K TAO ~ $3.29M.

2. $PRIME - below the entry of Smart Money. #Prime 's position is not secure when half of the Smart Money has chosen to sell. You can observe the actions of a skilled wallet, PRIME, here: 0x9b4da8243fced2f6b0ea59c098ccc6724f309ea0

3. $ATOR shows positive signs as the selling volume is very low and showing signs of slowing down. ATOR is a positive indication for you to consider in the price range fluctuating around 3-5%.

4. #Toncoin is the native token of the Ton ecosystem, which will change the game in 2024-2025, being a major competitor in Dapp with $BNB Chain and #memecoin‬⁩ with Solana ($SOL ).
The average purchase price of Smart Money is ~$4. The current price is around $3.7, and there are DCA orders appearing.

5. $MAVIA - GameFi token with backing from Binance Labs. There is strong accumulation around the $6 range, and the current price is $6 with no small selling pressure. Keep an eye on this wallet: 0x24fcfc492c1393274b6bcd568ac9e225bec93584 for further good strategies with #mavia .

*Be patient with $BTC's correction, it's doing a healthy trend line!

📰 Important unlocks coming:

$PRIME | Promising Gaming + AI

🔸 Unlock: 4.89% → $21.11M | Feb 28th

$OP | ETH L2

🔸 Unlock: 2.52% → $101M | Feb 28th

$DYDX | Top DEX

🔸 Unlock: 11.8% → $113.3M | Feb 29th

💡 What is a #Tokenunlock ?

When a project is born, it normal retributes people/companies that generate value to them through tokens.

🔹 Investors give $$$ → project gives tokens

🔹 Founders give time and effort → project gives tokens

🔹 Community give interaction/support → project gives tokens, and so on.

Then, the project let them know how long the token would be “locked” (without available for trading or anything) a.k.a as the “Vesting Period”

So, for $DYDX we could read this news as:

On Feb 29th an amount of tokens that represent 11.8% of DYDX circulating supply is going to be released.

Having almost 12% of the circ. supply extra in the market could impact the price negatively if the demand do not cover the offer.

It’s always important to keep an eye on significant unlocks. As this is public info, many investors, the ones who do their own research, acted way before the date. Now we know what they know.

#dYdXChain #Prime #Optimism