Crypto Market Alert: Upcoming Token Unlocks to Watch
If you’re invested in cryptocurrencies, you’ll want to keep an eye on the upcoming token unlocks that could potentially impact the market. According to Token Unlocks data, several notable tokens are set to be released this week, including MOVE, APT, and ENA. Here’s a breakdown of what you can expect:
Kaspa (KAS) Unlocks 182 Million Tokens
On January 6, Kaspa (KAS) unlocked approximately 182 million tokens, valued at around $22.7 million. This represents about 0.72% of the current circulating supply. While this may not seem like a significant percentage, it’s essential to consider the potential impact on the token’s price.
Other Notable Unlocks
* Delysium (AGI): Unlocked 33.59 million tokens on January 6, accounting for 2.45% of the current circulating supply and worth around $5 million. * Eigenlayer (EIGEN): Will unlock 1.29 million tokens on January 8, representing 0.61% of the current circulating supply and valued at approximately $5.2 million. * Ethena (ENA): Will unlock 12.86 million tokens on January 8, making up 0.42% of the current circulating supply and worth around $16.2 million. * Movement (MOVE): Will unlock 50 million tokens on January 9, accounting for 2.22% of the current circulating supply and valued at approximately $53 million. * Optimism (OP): Will unlock 4.47 million tokens on January 10, representing 0.33% of the current circulating supply and worth around $9.3 million. * Aptos (APT): Will unlock 11.31 million tokens on January 11, making up 2.03% of the current circulating supply and valued at approximately $110 million. * io.net (IO): Will unlock 3.22 million tokens on January 11, accounting for 2.50% of the current circulating supply and worth around $11.8 million. * Axie Infinity (AXS): Will unlock 815,000 tokens on January 12, representing 0.52% of the current circulating supply and valued at approximately $5.6 million.
What Do These Unlocks Mean for the Market?
While the impact of these unlocks on the market is uncertain, it’s essential to consider the potential effects on token prices. A large influx of new tokens can lead to increased selling pressure, potentially driving prices down. On the other hand, if demand remains strong, the unlocks may have a minimal impact on prices.
Stay Informed and Adapt
As the cryptocurrency market continues to evolve, it’s crucial to stay informed about upcoming events that could impact your investments. Keep a close eye on these token unlocks and be prepared to adapt your strategy as needed.
What do you think about these upcoming token unlocks? Share your thoughts in the comments below!
Source: M.theblockbeats.info
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