Investors Should Be Aware of the Risks
This week, four major tokens will be unlocked: #1inch #EulerFinance Space ID, and Acala. While the total supply of tokens will not change significantly after the unlocks, investors should be aware of the risks involved.
1inch
1inch is a decentralized exchange aggregator that allows users to find the best prices for their trades. On June 20, 15,000 tokens (worth $4,119) will be unlocked, which represents 0.001% of the total supply.
Euler Finance
Euler Finance is a decentralized lending protocol that allows users to borrow and lend assets. On June 21, 147,848 EUL tokens (worth $246,906) will be unlocked, which represents 0.544% of the total supply.
Space ID
#SpaceID is a decentralized identity protocol that allows users to create and manage their own digital identities. On June 22, 15,152,777 ID tokens (worth approximately $4.36 million) will be unlocked, which represents 0.758% of the total supply.
Acala
#Acala is a decentralized finance platform that provides a variety of financial services, including a stablecoin, a decentralized exchange, and a staking platform. On June 25, 4,657,534 ACA tokens (worth about $180,000) will be unlocked, which represents 0.466% of the total supply.
While the total supply of tokens will not change significantly after the unlocks, investors should be aware of the risks involved. The price of a token can still fluctuate significantly even if the total supply does not change much. This is because the demand for the token can also change.
Investors should carefully consider the risks involved before investing in tokens that are scheduled to be unlocked. It is also important to do your own research and consult with a financial advisor before making any investment decisions.
Disclaimer: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.