Massive Token Unlock Reaches $166 Million in Early April

Bittime - Crypto investors need to pay close attention to market movements this week. Based on Token Unlocks data, a number of leading crypto tokens such as SUI, GAL, HFT, and others will experience token unlocking on a large scale. The total unlock value is estimated at more than 166 million US dollars.

Unlock Token Details

Following are the details of the tokens that will be unlocked along with the schedule and estimated value:

• Acala (ACA): Unlock 27.43 million ACA on April 1 2024 at 15:00 WIB, with an estimated value of 5 million US dollars. This unlock amount represents 2.85% of the total circulating supply of ACA.
• Sui (SUI): Unlock 34.62 million SUI on April 3 2024 at 08:00 WIB, with an estimated value of 65.08 million US dollars. These unlocks represent 2.81% of the total SUI supply in circulation.
• Liquity (LQTY): Unlock 662,800 LQTY on April 5 2024 at 08:00 WIB, with an estimated value of 1.028 million US dollars. This unlock represents 0.69% of the total circulating LQTY supply.
• Galxe (GAL): Unlock 3 million GAL on April 5 2024 at 08:00 WIB, with an estimated value of 14.51 million US dollars. This unlock represents 3.34% of the total circulating supply of GAL.
• Hashflow (HFT): Unlock 13.62 million HFT on April 7, 2024 at 08:00 WIB, with an estimated value of 6 million US dollars. This unlock represents 3.56% of the total HFT supply in circulation.

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Impact of Unlock Tokens on Price

Unlocking large amounts of tokens has the potential to impact the price of the associated crypto asset. Often times, unlocking tokens can cause selling pressure in the market so that the token price decreases.

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Investor Analysis and Strategy

Investors need to be aware of the potential price decline due to unlocking this token. Some strategies to consider include:

• Postpone the purchase of tokens that will be unlocked until after the unlock period has passed.
• Sell ​​tokens before unlock to secure profit.
• Conduct in-depth research to understand the token's fundamentals and long-term prospects.

Although unlocking tokens may cause price fluctuations, investors do not need to panic. With careful research and the right investment strategy, crypto investors can still make profits amidst fluctuating market conditions.

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How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read: 

After Unlocking the Aptos Price Token (APT) Remains Strong 

Massive Token Unlock Will Impact Crypto Markets This Week

Arbitrum Price Affected by New Token Unlock, Still Promising?

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.