The cryptocurrency market is known for its fast-paced and dynamic nature, with new developments and events occurring regularly. In the coming week, investors should be aware of a series of significant token unlocking events in the world of altcoins. These events can have a substantial impact on the prices and market dynamics of these digital assets, making it crucial for crypto enthusiasts to stay informed and make well-informed investment decisions.
Author: Mete Demiralp
Date: 15.10.2023 - 15:00
The recent announcement that the U.S. Securities and Exchange Commission (SEC) will not appeal in the Grayscale case has added to the excitement in the cryptocurrency market. As investors eagerly await the arrival of the Bitcoin Spot Exchange-Traded Funds (ETFs), there is another set of events on the horizon that could potentially shake up the market. In the week ahead, a total of 43 altcoins are scheduled to undergo token unlocking events, each with its own unique implications.
Here is a comprehensive list of these altcoins, along with their market values, the amount of tokens to be unlocked, and the date and time of the unlocking event:
1. Tokocrypto (TKO)
- Market Value: $36.02 million
- Amount of Tokens to Unlock: $4.50 million (12.51% of Market Cap)
- Date: 16 October 2023, 03:00
2. WiFi Map (WIFI)
- Market Value: $3.27 million
- Amount of Tokens to Unlock: $1.28 million (39.24% of Market Cap)
- Date: 16 October 2023, 03:00
3. Myria (MYRIA)
- Market Value: N/A
- Amount of Tokens to Unlock: $1.29 million
- Date: 16 October 2023, 03:00
4. KAP Games (KAP)
- Market Value: $5.37 million
- Amount of Tokens to Unlock: $5.19 million (97.05% of Market Cap)
- Date: 16 October 2023, 03:00
5. Sipher
- Market Value: $5.28 million
- Amount of Tokens to Unlock: $1.09 million (20.64% of Market Cap)
- Date: 16 October 2023, 03:00
6. STEPN (GMT)
- Market Value: $180.83 million
- Amount of Tokens to Unlock: $13.29 million (7.34% of Market Cap)
- Date: 16 October 2023, 07:00
7. Immutable (IMX)
- Market Value: $672.51 million
- Amount of Tokens to Unlock: $10.54 million (1.57% of Market Cap)
- Date: 16 October 2023, 08:00
8. Internet Computer (ICP)
- Market Value: $1.37 billion
- Amount of Tokens to Unlock: $10.17 million (0.74% of Market Cap)
- Date: 16 October 2023, 03:00
9. Wilder World (WILD)
- Market Value: $51.43 million
- Amount of Tokens to Unlock: $1.01 million (1.96% of Market Cap)
- Date: 16 October 2023, 03:00
10. BitMEX (BMEX)
- Market Value: $26.93 million
- Amount of Tokens to Unlock: $5.00 million (18.57% of Market Cap)
- Date: 16 October 2023, 03:00
And the list goes on with several more altcoins scheduled for unlocking events throughout the week. It's important to note that the percentage of tokens being unlocked in relation to their market capitalization can vary significantly, and this can potentially impact the supply and demand dynamics of these coins, leading to price fluctuations.
Here's a closer look at a few key altcoins and their token unlocking events:
Aptos (APT)
- Market Value: $1.26 billion
- Amount of Tokens to Unlock: $23.95 million (1.90% of Market Cap)
- Date: 16 October 2023, 03:00
Uniswap (UNI)
- Market Value: $2.50 billion
- Amount of Tokens to Unlock: $36.18 million (1.44% of Market Cap)
- Date: 17 October 2023, 03:00
Axie Infinity (AXS)
- Market Value: $628.83 million
- Amount of Tokens to Unlock: $67.22 million (10.70% of Market Cap)
- Date: 21 October 2023, 03:00
Investors need to stay vigilant and closely monitor these unlocking events, as they can create trading opportunities as well as risks. It's essential to conduct thorough research on each project and consider the potential impact of these events on the coin's value.
Please note that the information provided here is for educational purposes and not investment advice. Investing in cryptocurrencies carries risks, and it's crucial to make informed decisions based on your risk tolerance and financial goals.
For those interested in trading or investing in these altcoins and more, registering with a reputable exchange like Binance with a 20% commission discount can be a practical step.
In a market as dynamic as the cryptocurrency space, staying informed about significant events like token unlocks is vital for success. Make sure to follow our Telegram and Twitter accounts for exclusive news, analytics, and on-chain data to keep your crypto knowledge up-to-date.
