Trader Joe's token unlock event will take place on May 3rd, with a daily unlock of 54,000 JOE tokens.

Despite JOE's recent drop, all other indicators have grown.

The excitement around Trader Joe [JOE], a decentralized exchange (DEX) on Avalanche [AVAX] and several other chains, has been difficult to ignore recently. However, all eyes will be on the project's native coin as it prepares for its forthcoming unlock.

Trader Joe announces the unlock date

token unlocks revealed that Trader Joe was getting ready to unlock the remaining locked tokens. Their data indicated that only 3% of the token was still locked. The complete number of tokens locked was roughly 16.68 million, esteemed at around $10.42 million at the hour of composing.

Source: Unlock Tokens

The eagerly anticipated Trader Joe tokens unlock event will take place in just 16 days, around May 3. Interestingly, the unlock will be linear, unlocking a predetermined number of tokens over time rather than all at once.

In particular, there will be an everyday open of 54,000 JOE, which means more than $33,000. Over 483 million JOE tokens worth over $301 million were in circulation at the time of writing.

Joe v2 sees an uptrend in volume and TVL

The automated trading market maker known as the Liquidity Book has undergone significant enhancements at Trader Joe. Auto-pools, which reduce risk by automatically managing depositors' active positions in high-yield liquidity pools, are included in the upgrade.

The exchange also launched a new rewards program that gives tokens to people who participate in Trader Joe's concentrated liquidity.

Trader Joe v2's recent launch has produced impressive outcomes, with notable enhancements in key metrics. Since March, the Total Value Locked (TVL) on Joe v2 has been rising, as stated by DefiLlama.

The TVL quickly resumed its upward trend despite a slight dip in April. As of this composition, it was at a noteworthy $57.3 million, a large portion of which came from the Torrential slide chain.

Source: DefiLlama

Additionally, trade volume on the platform has increased since the peak in March. The trade volume has now surpassed $66 million, indicating the platform's expanding popularity and increased user activity.

In addition, the active user Metrics provided some encouraging results. However, the rise seen in volume and TVL was missing.

trader joe [JOE] on a daily schedule

On a daily time frame, JOE showed a downward trend. JOE was selling at roughly $0.62 as of this writing, a loss of less than 1%. Despite this drop, the overall trend for JOE was still positive.

Source: TradingView

How much is 1,10,100 JOE worth today?

The Relative Strength Index (RSI) was still above 65, suggesting that the current move might be a correction in price rather than a significant change in trend. In general, it is important to monitor JOE’s price movements in the coming days.

Given the level of activity on the Trader Joe platform, the upcoming unlock may not negatively affect the price of JOE. The linear model used in the unlock process also suggests that the JOE price may experience some regular activity in May, which could help stabilize the token’s value.

source: ambcrypto.com

#token #tokenunlocks #trading #marketcap #Binance

If you enjoy our content and want to show your support, please like, share, and follow us for more high-quality updates.

Which tokens will be unlocked today...

DYDX / 150M $DYDX / ~$475.5M / 30 NOV ACALA / 27.43M $ACA / ~$1.68M / 30 NOV 1INCH / 98.74M $1INCH / ~$33.38M / 01 DEC Tornado Cash / 22.84K $TORN / ~$38.61K / 02 DEC

Thanks for reading, following and supporting guys! 🙏
#tokenunlocks #tokens #airdropking

The cryptocurrency community is abuzz with excitement as Optimism (OP), a prominent altcoin, prepares for a highly anticipated token unlock event. This event is expected to have a significant impact on the price and overall token supply of OP, making it a crucial moment for investors and enthusiasts alike.

Token Supply Overview

Optimism (OP) currently boasts a total supply of 4,294,967,296 tokens, with 16.4% already in circulation. The remaining tokens are locked in various contracts serving different purposes, including allocations for the team, investors, ecosystem development, community support, and treasury reserves.

The Token Unlock Event

The countdown has begun, and on July 30, 2023, at 07:00 (04:00 UTC), OP will experience a token unlock of 24.16 million tokens, valued at approximately $36.24 million based on the current market price of $1.50 per token.

Impact on Supply and Price

This token unlock event signifies a 3.56% increase in the circulating supply of OP, resulting in a corresponding 2.41% decrease in the locked supply. The market has already responded with a modest uptick of 0.67% in the token's price in the past 24 hours, contributing to a commendable market cap of $1.02 billion.

Precise Distribution

The unlocked tokens will be distributed with precision. A total of $19 million will be allocated to the primary team responsible for driving the project's success, while another $17 million will be set aside for loyal investors who have been supporting OP from its inception. This strategic allocation aims to reward those who have played an instrumental role in the project's growth.

Anticipation for Future Events

As the unlocking date approaches, many are keenly observing the market's reaction to this event. The next key unlocking event for OP is scheduled for August 30, building anticipation for potential market movements in the coming weeks. OP's community is on the edge of their seats, eagerly awaiting the future of their beloved altcoin.

In Summary

The token unlock event for Optimism (OP) has captured the attention of the cryptocurrency community, as it marks a crucial milestone in the coin's development. With strategic token allocation and an eager community, all eyes are on OP's price and supply movements, making this event a significant moment for the altcoin's future. #OP #OPTIMISM #OP/USDT $OP #tokenunlocks