Over $12.59 million worth of digital assets will be unlocked this week.
From June 3 to June 9, tokens like LQTY, 1INCH, EUL, and GAL will be unlocked.
Investors can keep a close eye on and take advantage of these unlocking events.
Token unlocking, a pivotal event in the life cycle of a cryptocurrency project, refers to the scheduled release of previously locked or vested tokens into the market โ an event that can significantly influence the price of these tokens.
Typically, these tokens are reserved for team members, early investors, or other stakeholders and are initially locked to maintain market stability and incentivize commitment to the projectโs long-term success.
From June 3 to June 9, investors should be particularly attentive to these token unlocking events and exercise caution with their investments. When tokens are released into the market, the circulating supply increases. Basic economic principles suggest that if demand remains constant while supply increases, the price of the token may decline.
๐ Weekly Cliff Unlocks : 3 โ 9 JUN 24 ๐๐ฅ $ 12.59 m ๐ฅ๐ Highlights Unlocks ๐$LQTY (0.68%) โ $0.74m$GAL (1.76%) โ $2.03m$EUL (0.32%) โ $0.27m$HFT (3.36%) โ $3.98m#1INCH (<0.00%) โ $11k..( % of cir. supply) pic.twitter.com/zLUM0Zlmgo
โ Token Unlocks (@Token_Unlocks) May 31, 2024
Approximately $12.59 million worth of tokens will be unlocked that includes:
$0.74 million worth of Liquity (LQTY) tokens (0.68% of the circulating supply)
$2.03 million worth of Galxe (GAL) tokens (1.76% of the circulating supply)
$0.27 million worth of Euler (EUL) tokens (0.32% of the circulating supply)
$3.98 million worth of Hashflow (HFT) tokens (3.36% of the circulating supply)
$11,000 worth of 1Inch (1INCH) tokens (<0.00% of the circulating supply).
Source: Twitter
Smart investors often monitor token unlock schedules closely. Anticipating potential price drops, some might short the token or reduce their positions before the unlock. Others might see a buying opportunity if they believe the price dip is temporary and the token has long-term potential.
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