Token unlock events in the cryptocurrency market are seen as significant developments by investors. Many projects will have token unlocks in the next 6 days. Here are the details:
1. YGG (Yield Guild Games)
Price: $1.01
Market Cap: $376.40M
Circulating Supply: 371.57M
Total Unlocked: 62.1%
Upcoming Unlock: $16.89M (4.49%)
Date: May 27
2. AGIX (SingularityNET)
Price: $0.936
Market Cap: $1.20B
Circulating Supply: 1.28B
Total Unlocked: 70.9%
Upcoming Unlock: $8.15M (0.68%)
Date: May 28
3. PRIME (Echelon Prime)
Price: $19.35
Market Cap: $759.57M
Circulating Supply: 39.25M
Total Unlocked: 34.5%
Upcoming Unlock: $32.23M (4.23%)
Date: May 31
4. OP (Optimism)
Price: $2.56
Market Cap: $2.78B
Circulating Supply: 1.09B
Total Unlocked: 25.6%
Upcoming Unlock: $80.23M (2.88%)
Date: May 31
5. 1INCH (1inch Network)
Price: $0.417
Market Cap: $483.16M
Circulating Supply: 1.16B
Total Unlocked: 79.1%
Upcoming Unlock: $41.16M (8.52%)
Date: June 1
6. DYDX (dYdX)
Price: $2.04
Market Cap: $570.83M
Circulating Supply: 279.82M
Total Unlocked: 52.2%
Upcoming Unlock: $68.00M (11.91%)
Date: June 1
7. SUI (Sui Network)
Price: $1.04
Market Cap: $2.44B
Circulating Supply: 2.34B
Total Unlocked: 23.3%
Upcoming Unlock: $67.88M (2.78%)
Date: June 1
8. ZETA (ZetaChain)
Price: $1.50
Market Cap: $398.21M
Circulating Supply: 265.48M
Total Unlocked: 12.5%
Upcoming Unlock: $7.79M (1.99%)
Date: June 1
9. ENA (Enate)
Price: $0.917
Market Cap: $1.36B
Circulating Supply: 1.48B
Total Unlocked: 7.8%
Upcoming Unlock: $49.06M (3.62%)
Date: June 2
These token unlocks could lead to significant price movements in the market. It is crucial for investors to keep a close eye on these developments.
#tokenunlocks #sui #agix #ygg #op $YGG $AGIX $OP

Aug 16, 2024

6thTrade

In the coming week, the cryptocurrency market is set to witness the unlocking of over $213 million worth of digital assets, sparking concern among investors. Token unlock events, which often lead to increased selling pressure, are on the horizon for several major altcoins. The largest of these unlocks involves Avalanche (AVAX), a layer-one blockchain aiming to challenge Ethereum’s dominance.

Avalanche will release tokens valued at an eye-popping $192.74 million into the market. This unlock, amounting to 9.52 million AVAX tokens, represents 2.41% of the circulating supply. Currently trading at $20.59, AVAX has already seen a 6% decline in the past week. The event marks another step in the gradual release of the AVAX supply, 63.07% of which has now been unlocked.
But Avalanche isn't the only ecosystem preparing for a significant token release. Other projects set to see unlocks include Pixels (PIXEL), Space ID (ID), 1Inch (1INCH), Galaxy (GAL), Acala Token (ACA), Forta (FORT), and Ethena (ENA), with all expected to experience short-term volatility.
$ID

Pixels (PIXEL) will release 54.37 million tokens worth $7.26 million, representing 7.05% of its circulating supply. So far, only 20.86% of PIXEL’s total supply has been unlocked, making this a particularly significant event for the ecosystem.
Space ID (ID) will unlock $6.6 million worth of tokens, totaling 18.49 million ID. These tokens make up 4.29% of the ID circulating supply.
Meanwhile, 1Inch (1INCH) will see a relatively modest release of $67.64K worth of tokens, a mere 0.2% of its total circulating supply. Notably, 85.72% of the 1INCH token supply has already been unlocked, meaning this event may have a limited impact on the market.
Other notable unlocks include Galaxy (GAL) with $1.31 million, Ethena (ENA) with $4.46 million, and another round of Galaxy (GAL) worth $933.33K. Additionally, Acala Token (ACA) and Forta (FORT) will unlock $239.79K and $5.85K worth of tokens, respectively, representing small fractions of their circulating supplies.
$PIXEL

As the crypto community braces for these significant unlocks, many are keeping a close eye on the potential market impacts. With the value of these tokens set to be released, the market could see increased volatility as investors react to the influx of new supply.
#6thTrade #BecomeCreator #tokenunlocks #Marketsentimentstoday #Market_Update

Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice. Cryptocurrency investments are highly volatile and can result in significant financial loss. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. The views expressed in this article are those of the author and do not necessarily reflect the opinions of the publisher or any affiliated parties. Investing in cryptocurrencies carries inherent risks, and past performance is not indicative of future results. Proceed with caution.