The unlocking dates and amounts of token locks for projects are quite significant. The introduction of a new quantity of tokens into the market can create selling pressure. However, it has been observed that once this pressure dissipates, there can be upward movements following the token unlock. Therefore, it's important to be well-informed about these dates.
Optimism (OP):
On April 29, 2024, there will be a token unlock for Optimism (OP), which will release an amount equivalent to 2.31% of the circulating supply into the market. This release will introduce approximately 62 million USDT worth of OP tokens at the current price into circulation.
Manta Network (MANTA):
On April 30, 2024, Manta Network (MANTA) will undergo a token unlock, which will release an amount equivalent to 0.75% of the circulating supply into the market. This release will introduce approximately 3.77 million USDT worth of MANTA tokens at the current price into circulation.
dYdX (DYDX):
On May 1, 2024, dYdX (DYDX) will undergo a token unlock, which will release an amount equivalent to 10.72% of the circulating supply into the market. This release will introduce approximately 80 million USDT worth of DYDX tokens at the current price into circulation.
