The price of SPACE ID (ID) is surging, but token unlocking may cause its market value to drop.

The market value of SPACE ID (ID) has been showing a clear upward trend recently. Its price has risen sharply in the past week, showing a strong bullish trend. However, unlocking ID prices with tokens may trigger a market downturn.

Is an ID price crash brewing?

The recent distribution of SPACE ID digital tokens marks a significant update to its quarterly schedule. The blockchain confirmed that 61.53 million ID tokens (worth approximately $23.77 million) have been transferred to 60 different team and investor wallets.

This quarterly unlocking mechanism ensures that stakeholders receive tokens regularly, thus maintaining a steady flow of assets within the ecosystem.

SPACE ID has seen minor fluctuations in its value over the past 24 hours, indicating low volatility. The cryptocurrency market is facing market volatility as altcoins are trending sideways. At the time of writing, the ID price is hovering at $0.3814.

Should you sell Space ID?


Notably, Binance Labs received the lion’s share of these allocations, receiving a total of 40 million IDs since June in two separate transactions (20 million each).

So far, Binance Labs has not recorded any sales of these tokens. Currently, 40% of these tokens are available for use, and the remaining 60% are locked. This indicates that the market is stable and a sudden plunge in its value is unlikely at the moment.


The 4-hour chart of SPACE/USDT shows that the pair has been in a clear uptrend in the latest trading session. The Moving Average Convergence Divergence (MACD) indicator reflects this positive momentum. The MACD line has crossed the signal line suggesting a bullish trend. Additionally, the Relative Strength Index (RSI) has crossed above the midpoint of 50, suggesting a neutral trend.

Space ID 解锁 6100 万个代币后，ID 价格是否即将暴跌？

ID price is currently facing strong resistance at the $0.4 level. Given the current market conditions and token unlocking, the top altcoin could drop to $0.35. In this case, a further drop to $0.3 is possible.

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