Altcoin unlocks in the cryptocurrency market often lead to significant price fluctuations. This often creates selling pressure and can cause assets to lose value. With unlocks set to take place next week, it would be beneficial for investors to understand the possible impacts.
Arbitrum (ARB) or ApeCoin (APE)
Arbitrum will make a major unlock on September 16. A total of 92.6 million ARB tokens will be released, worth approximately $49.8 million. This unlock corresponds to 2.65% of the total supply. Investors should carefully monitor the price fluctuations that this large amount may create in the market. Arbitrum’s growth in the DeFi ecosystem is also eagerly awaited for its impact on the price.
On September 17, ApeCoin will be unlocked and a total of 15.6 million APE tokens will be released. This amount is worth approximately $11.6 million and constitutes 2.31% of the total supply. Experts predict that there may be short-term fluctuations in the ApeCoin price after this unlock. Investors should determine their strategies by taking these possible price changes into account.
Echelon Prime (PRIME) ve SuperRare (RARE)
On September 17, Echelon Prime will also unlock 750,000 PRIME tokens. The value of these tokens is approximately $6.2 million, representing 1.62% of the total supply. After this opening, movements in the altcoin price should be followed carefully. PRIME’s decentralized structure in the gaming and entertainment industry may increase the impact of the unlock.
On the same day, SuperRare will also be unlocked, releasing a total of 13 million RARE tokens. These tokens will be worth approximately $1.9 million and represent 1.84% of the total supply. While SuperRare is known for its growth in the NFT market, there may be price changes after this unlock.
Manta Network (MANTA) see DAO List (LIST)
On September 18, Manta Network will unlock 7.1 million MANTA tokens. The total value of these tokens is approximately $5 million and makes up 1.88% of the total supply. Manta is among the privacy-focused blockchain projects and there may be sudden changes in the price of MANTA after this opening, so it is important for investors to be careful.
Finally, on September 20, Lista DAO will release 25 million LISTA tokens. The total value of these tokens is approximately $8.6 million, representing 12.4% of the total supply. The release of such a large amount could have a significant impact on the LISTA price. Investors should carefully consider their positions considering this major expansion.
In summary, unlocks are developments that can have significant impacts on the prices of crypto assets. It is critical for investors to follow these situations carefully and create strategies accordingly.
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