18.53 million ADA tokens were unlocked today, valued at $6.62 million.
The next unlock is scheduled for October 12, releasing a similar quantity.
ADA’s price rose 3.5% following the most recent token release.
Cardano (ADA) unlocked 18.53 million ADA tokens this morning, worth roughly $6.62 million. With the increased supply, market watchers are watching to see how this release will affect ADA’s price. According to Token Unlock, 85% of ADA’s total supply is currently unlocked, with 38.19 billion ADA tokens in circulation.
Meanwhile, 6.81 billion ADA, representing 15.14% of the total supply, remains locked. Notably, another unlock is scheduled for next week, which will release an additional 18.53 million ADA valued at around $6.50 million.
This morning’s token unlock of 18.53 million ADA adds to the already large circulating supply but represents only 0.05%. This relatively small increase may have a limited immediate impact on the price. However, even small changes in circulating supply can influence liquidity and demand.
ADA Price Movement Following Recent Unlock
On October 2, the Cardano team also released 18.53 million ADA tokens into circulat…
The post How Much ADA Remains Locked Up? Could Today’s Release Fuel a Price Surge? appeared first on Coin Edition.
