Unlocking Shock in Binance Supported Altcoin: It Will Reach 8 Percent!

The first strategic sales round was unlocked in Space ID (ID), which was launched as the Launchpool project of Binance, the world's largest cryptocurrency exchange.

According to on-chain data tracking platform Arkham Intelligence, the first unlocking of the Strategic Sales round of Binance-backed Space ID has begun.

According to data, today the multisig wallet opened approximately 26.66 million ID tokens from the “Space ID: Strategic Sale Unvested” contract. It is stated that the total value of the opened tokens is around 12 million dollars.

The tokens unlocked by Space ID consist of 160 million IDs, corresponding to 8% of the total token supply. These tokens will be unlocked and released every quarter for 3 years after a 1-year locking period.

While it is thought that the lock opening in question may create a sales pressure on the price, it is stated that a parallel decrease in the price may be observed.

According to CoinGecko data, ID, which has decreased by 1.3% in the last 24-hour period, finds buyers at $0.446 at the time of writing.