Next week, the market will witness a large number of tokens being unlocked. This step can have a significant impact on the market movement, as it adds new quantities to the circulating supply, which can cause price fluctuations depending on supply and demand.
The impact of this unfreezing on the market
When these currencies are added to the market, it will increase the available supply, and if there is not enough demand, prices may drop due to selling pressure. But at the same time, there are investors who see this as a good opportunity to buy at low prices.
Here we will review the most important details about the currencies that will be unfrozen, and all the timings (note: all timings are in Cairo time)
Coin Unfreezing Details
MRS Time: December 23, 3am.
Quantity: about 10 million tokens.
Percentage of circulating supply: 11.87%.
Total value: approximately $34.7 million.
ADA (Cardano)
Time: December 26, 3am.
Quantity: Approximately 18.53 million tokens.
Percentage of circulating supply: 0.05%.
Total value: approximately $16.6 million.
THIS
Time: December 25, 10am.
Quantity: Approximately 12.86 million tokens.
Percentage of circulating supply: 0.44%.
Total value: approximately $13.5 million.
IF NOT
Time: December 23, 3am.
Quantity: about 20 million tokens.
Percentage of circulating supply: 34.84%.
Total value: approximately $12.2 million
OWN
Time: December 25, 10pm.
Quantity: Approximately 1.29 million tokens.
Percentage of circulating supply: 0.61%.
Total value: approximately $4.9 million.
MMX
Time: December 24, 3am.
Quantity: Approximately 1.67 million tokens.
Percentage of circulating supply: 1.11%.
Total value: approximately $1.8 million.
VENOM
Time: December 25, 3am.
Quantity: Approximately 33.76 million tokens.
Percentage of circulating supply: 1.77%.
Total value: about $2 million.
C98
Time: December 23, 2pm.
Quantity: Approximately 16.53 million tokens.
Percentage of circulating supply: 1.88%.
Total value: approximately $2.7 million.
HOOK
Time: December 25, 3am.
Quantity: Approximately 4.17 million tokens.
Percentage of circulating supply: 1.97%.
Total value: approximately $1.7 million
SQUARES
Time: December 23, 3am.
Quantity: Approximately 11.25 million tokens.
Percentage of circulating supply: 6.45%.
Total value: approximately $4.4 million.