Arbitrum, Starknet, and Axie Infinity ecosystems have voluminous cliff unlocks lined up for next week.ARB, STRK, and AXS tokens worth millions would be unleashed, alongside others like IMX, PIXEL, MANTA, and APE.Token holders should brace for volatility to escape exit liquidity ahead of Bitcoin halving week.
Several ecosystems have their unlock events lined up for next week, starting Sunday, April 14. Millions of dollars’ worth of tokens will be unleashed into the market, increasing the individual circulating supplies of the projects. Volatility should be expected with investors looking to trade around the events. This will be a week to the Bitcoin halving, a much-awaited event expected to kickstart the next bull cycle.
Token unlocks to watch before Bitcoin halving
While there are many token unlock events this coming week, three stand out for their voluminous chunks of unleashes. Arranged in the order of dates:
The Starknet ecosystem will unlock 64 million STRK tokens worth $117.12 million at current rates on April 15. The tokens, constituting 8.8% of the network’s circulating supply will be allocated to early contributors and investors.
Ethereum Layer 2 (L2) ecosystem Arbitrum will see the largest token unlocks event of the week happen. On April 16, the network will allocate 92.65 million ARB tokens comprising 3.5% of its circulating supply and worth $131.56 at current rates to the Arbitrum team, the future team, and future advisors, and investors.
Right after ARB unlocks will be AXS unlocks on April 17, where the Axie Infinity ecosystem will unleash 10.87 million AXS tokens worth $103.91 million to the market. Making up for 7.6% of the network’s circulating supply, the chunk will be issued toward staking rewards, the team, and for the ecosystem fund.
Possible implications of token unlock events
Notably, if the respective token unlocks lead to a flood of sell orders from the investors or team members looking to cash out, it could create downward price pressure on the individual tokens. Nevertheless, the overall market sentiment and conditions also has bearing depending on recipients of the tokens perceive the events. In a bullish market, investors may be more optimistic about token unlocks, while in a bearish or uncertain market, they may be more cautious.
If the token unlocks are associated with a successful network milestone, partnership announcement, or positive developments for individual ecosystems, it could be perceived as a bullish signal. Investors may interpret the unlock as a vote of confidence in the project's future prospects.
Additionally, token unlocks can also provide liquidity to investors. This would allow them to freely trade the tokens and potentially increase trading volume.
Other token unlocks to look out for
15.6 million APE tokens, an ERC-20 governance and utility cryptocurrency, worth $25.27 million will be unlocked on April 17.Web3 modular ecosystem Manta Network will pour 21.67 MANTA tokens worth  $57.42 million on April 18.Gaming ecosystem ImmutableX will unlock 34.19M IMX tokens worth $87.53 million on April 19.Ronin Network’s social casual web3 gaming ecosystem Pixels will unlock 54.38 PIXEL tokens worth $34.66 million on April 19.
Notably, all these are cliff token unlocks, where a significant portion of the tokens is locked up for a specific period initially, with full access granted after the cliff period expires. This is unlike a linear token unlocks, which involve a gradual release of tokens over time, typically in regular intervals such as daily, weekly, or monthly increments.
Unlike in cliff unlocks, the Linear alternative spreads out the token release schedule, potentially reducing the impact of sudden influxes of tokens hitting the market at once.
#cryptotrends #Unlocks #tokens.

Token Unlock:

386M $OP ($571) will be unlocked Today., accounting for 9% of the total supply.

This is the first unlock for core contributors and investors.

Funding Rounds for Optimism:

Seed Round: Raised $3.5M on 15 Dec 2020.

Series A Round: Raised $25M on 24 Feb 2021.

Series B Round: Raised $150M on 17 Mar 2022.

Investors include Paradigm, IDEO CoLab Ventures, and Andreessen Horowitz (a16z).

Total financing amounts to $178.5M, allocating 730M $OP (17%).

Whale Activity:

A whale recently deposited 1.04M $OP ($1.48M) to #Binance.

The whale withdrew $OP from #Binance whenever the price rose.

Average withdrawal price was $2.46.

Fear of the upcoming massive unlock may have led the whale to sell some $OP at a loss.

Unlabeled Wallet Transactions:

Wallet 0xa202 dispersed 21.49M $OP ($23.26M) to 21 different addresses.

Wintermute Trading 0xdbf received the most, with 5.46M $OP ($8.03M).

Coinbase received a total of 3.76M $OP ($5.56M).

Six fresh addresses jointly received 4.25M $OP ($6.21M) from #Coinbase, averaging ~708.5K $OP ($1.03M) each.

The unlabeled wallet received 21.49M $OP ($32.19M) from 23 addresses over the past 8 days.

In the past 24 hours alone, it received 12.78M $OP ($17.14M) in total.

Twenty-two out of those 23 addresses received their $OP from wallet 0x1ea "OP Labs" in early April 2022.

Uncertainty remains whether this is part of the token unlock or an investor clearing out $OP .

Market Impact:

With 386.5M $OP ($587.5M) expected to unlock today, traders should exercise caution.

$OP price remained stable around $1.61 for 6 days before a sharp drop 16 hours ago.

Potential selling pressure at the current token price amounts to approximately $600M.

Disclaimer: The information provided here is based on available data and should not be considered financial advice. Conduct thorough research and consult professionals before making any investment decisions.

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#OP #OPTIMISM #feedfeverchallenge #BRC20 #Unlocks

Weekly token unlocks are a regular occurrence in the cryptocurrency market. These tokens are typically released to early investors, funds, and project teams. Upon receiving these tokens, some investors choose to sell them, either through market orders or limit orders. These sales can have a noticeable impact on the token's price. However, there are some key points to consider regarding token unlocks:

Market Reaction: It's common for every “guru” who trying speculate on the market's response to these future distributions. While some traders may try to accumulate on these events.  Predicting market movements in response to token unlocks can be quite challenging.Project Quality: High-quality projects usually plan their tokenomics meticulously to minimize the influence of early investors on the price. They design their token release schedules to prevent significant disruptions to the market.Small Unlocks: In many cases, only a small percentage of total circulating tokens becomes available. When this percentage is low, it may not significantly affect the market. Selling pressure from a 1% or 3% unlock, for example, may not be substantial.Unintended Reactions: Sometimes, the market reacts in unexpected ways to token unlocks. Prices might not immediately rise upon the unlock, and they can even experience downward movements. Breakouts do not always result in immediate asset sales. Or someone can sell before unlock and bring a fear, so at unlock this whales absorb all coins and push price back up.Project Strategy: Occasionally, projects may opt to postpone large token releases that were anticipated. This delay can have unexpected consequences, such as liquidations of short positions, leading to significant price movements.
Every case is individual. You remember when DYDX postponed 1 year 15% unlock. But during this year price will stay in a same range. Or upcoming HFT unlock. If HFT was at 1$ price do you think its a smart idea for people who will get now some % from 15% supply sell now at 0.28? If they can just wait a bit and sell higher? Of course everything depends of personal situation. Some investor want out of project, some accumulate more, some need money NOW, someone can wait 1-2 year longer but with full amount of coins on wallet now.
Always just imagine, behind every unlock the same people like you. And ask yourself if you invest in some coin on early stage, you believe in potential of this coin. Now you got your coins from unlock period but price so low, and we are at the bottom will you press - SELL? I think not, because you understand the potential. Also you got a big bag of this coins and you better wait alt season for % step by step fixation with perfect average price. #Unlocks #cryptotalk