Bittime – The crypto community will witness a huge wave of tokens that will enter the market in the near future. According to data from Token Unlocks, gaming tokens worth nearly $250 million (around Rp3.5 trillion) are ready to be released to the market in a token unlock mechanism that will last until the end of March.
This token unlock practice is often carried out by various crypto projects, where most of the token supply that has been stored for a certain period of time is finally opened gradually. This condition often affects the price of crypto assets in the market.
One of the most awaited tokens is ApeCoin (APE), which is linked to the Bored Ape Yacht Club ecosystem and metaverse game Otherside. A total of 15.6 million APE, worth about $38.2 million (Rp537 billion), will open on March 16, which is 2.55% of the circulating supply.
PIXEL and Game Tokens Will Be Released in Large Quantities
The PIXEL token, recently launched by Ronin's farming game Pixels, will also experience its first unlock. On March 19, 54.38 million PIXELs, or more than 7% of the circulating supply, worth $42.5 million (Rp597 billion), will be available on the market.
The IMX token of the Ethereum gaming platform Immutable will experience the biggest unlock this month, with 34.19 million IMX, worth around $117.3 million (Rp1.65 trillion), ready to open on March 21. This is equivalent to almost 2.5% of the circulating supply.
Other gaming token unlocks include Yield Guild Games' YGG token, with 16.69 million tokens worth around $15.9 million (Rp223 billion) set to unlock on March 27. NFT card game Parallel will also unlock 1.66 million PRIME tokens, worth $32.1 million (Rp451 billion), on March 30.
Stepn's move-to-earn game will begin 30 days of linear unlocking on March 31, with 3.32 million GMT worth $1.23 million to be unlocked daily.
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Conclusion
In the crypto world, token unlock events are important moments that can affect market dynamics. In February 2024, there will be a series of massive token unlocks from top projects such as Optimism, Avalanche, The Sandbox, Aptos, and Sui, with a value of nearly US$1 billion ready for circulation.
Avalanche leads with the largest number of token unlocks, followed by Aptos which also experienced a significant price drop after the previous token unlock. This event indicates the potential for strong selling pressure and fuels speculation about its impact on token prices and the crypto market in the future.
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How to Buy Pixels (PIXEL) on Bittime
You can buy and sell Pixels (PIXEL) in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Pixels (PIXEL) are available on Bittime with the market pair PIXEL/IDR. To be able to buy PIXEL IDR on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Pixel (PIXEL) on Bittime.
Monitor the price chart movements of Pixel (PIXEL), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
What are Token Pixels (PIXEL)? Here's What You Need to Know!
Pixels (PIXELs) jumped 48% today: what caused it?
Web3 Pixels Game Raises $2.7 Billion After Migration to Ronin
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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