Large Scale Token Release Will Happen This Week, APT Experiences Biggest Release

Bittime – This week, several cryptocurrency projects including GLMR, EUL, and APT are scheduled for one-time large-scale token releases, according to data from Token Unlocks. This release has the potential to affect the circulating supply and price of each token.

Large Scale Token Launch

Here are the details of the upcoming token release:

• 1inch (1INCH): On April 11 at 8:00 AM UTC, 214,000 1INCH tokens will be unlocked, with an estimated value of US$121,600. This represents only 0.02% of circulating supply, so the market impact is expected to be minimal.
• Moonbeam (GLMR): Also on April 11 at 8:00 AM UTC, 214,000 GLMR tokens are scheduled to unlock, worth approximately US$1.42 million. This amounts to 0.36% of the circulating supply, and could potentially cause some price fluctuations.
• Euler (EUL): EUL will unlock 76,200 tokens on April 11 at 9:27 AM UTC, with an estimated value of US$421,900. This represents 0.41% of the circulating supply, and may cause some price fluctuations.

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Aptos (APT) Experiences Biggest Release

The biggest token release this week is expected to be Aptos (APT). On April 12 at 3:59 PM UTC, a total of 24.84 million APT tokens are scheduled to be unlocked, with an estimated value of around US$338 million. This represents a significant portion of the circulating supply, namely 6.23%, and could potentially lead to higher volatility in the APT market.

Also Read How To Buy Crypto:

Potential Impact on Crypto Markets

The release of a large number of tokens can affect the price of a cryptocurrency by increasing the circulating supply. If unlocked tokens are sold by their holders, this may cause downward pressure on the price. However, if there is enough demand from buyers to absorb additional tokens, the price impact may be minimal.

Investors and traders should be aware of this upcoming token release and factor it into their investment decisions. It is important to stay informed about project fundamentals, tokenomics, and overall market conditions before making any trades.

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How to Buy Crypto from 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:

Aptos (APT) Price Prediction 2024 to 2033, How Much Will APT Reach Next Year?

What is 1inch Network (1INCH)?

Ethena (ENA) Skyrockets to $1 After Successful Airdrop

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.