Bittime - This week, get ready for a massive token unlock. According to data from Token Unlocks, a number of blockchain will experience significant token releases in the near future. Unlocking these tokens has the potential to influence prices and overall market movements. Here are some important token unlocks to look out for this week.
1. dydx (DYDX)
- Unlock Date: May 14 2024, 23:00 WIB
- Unlock Amount: 2.12 million DYDX tokens
- Percentage of Circulating Supply: 0.79%
- Estimated Value: US$4.3 million
Check Today's Crypto Market:
2. Starknet (STRK)
- Unlock Date: May 15 2024, 07:00 WIB
- Unlock Amount: 64 million STRK tokens
- Percentage of Circulating Supply: 8.79%
- Estimated Value: US$77 million
3. CyberConnect (CYBER)
- Unlock Date: May 15 2024, 13:00 WIB
- Unlock Amount: 886,000 CYBER tokens
- Percentage of Circulating Supply: 4.13%
- Estimated Value: US$6.84 million
4. Aevo (AEVO)
- Unlock Date: May 15 2024, 14:59 WIB
- Unlock Amount: approximately 827 million AEVO tokens
- Percentage of Circulating Supply: 752.36%
- Estimated Value: US$1 billion (biggest unlock this week)
5. Arbitrum (ARB)
- Unlock Date: May 16 2024, 20:00 WIB
- Unlock Amount: approximately 92.65 million ARB tokens
- Percentage of Circulating Supply: 3.49%
- Estimated Value: US$92.57 million
6. ApeCoin (APE)
- Unlock Date: May 17 2024, 07:00 WIB
- Unlock Amount: approximately 15.6 million APE tokens
- Percentage of Circulating Supply: 2.48%
- Estimated Value: US$19 million
7. Immutable (IMX)
- Unlock Date: May 17 2024, 07:00 WIB
- Unlock Amount: approximately 25.53 million IMX tokens
- Percentage of Circulating Supply: 1.75%
- Estimated Value: US$57.95 million
8. Render (RNDR)
- Unlock Date: May 17 2024, 07:00 WIB
- Unlock Amount: approximately 760,000 RNDR tokens
- Percentage of Circulating Supply: 0.2%
- Estimated Value: US$8.3 million
9. Manta Network (MANTA)
- Unlock Date: May 18 2024, 16:30 WIB
- Unlock Amount: approximately 6.67 million MANTA tokens
- Percentage of Circulating Supply: 2.66%
- Estimated Value: US$11 million
10. Oasis Network (ROSE)
- Unlock Date: May 18 2024, 23:00 WIB
- Unlock Amount: approximately 171 million ROSE tokens
- Percentage of Circulating Supply: 2.54%
- Estimated Value: US$14.8 million
Also Read How to Buy Crypto:
11. Pixels (PIXEL)
- Unlock Date: May 19 2024, 17:00 WIB
- Unlock Amount: approximately 54.37 million PIXEL tokens
- Percentage of Circulating Supply: 7.05%
- Estimated Value: US$20.27 million
Impact of Unlock Tokens on the Market
This wave of unlocking large amounts of tokens has the potential to trigger selling pressure in the crypto market. When a large number of new tokens become available, this can cause a decrease in the price of those tokens, especially if demand is not greater than the supply of circulating tokens.
However, the impact of unlocking tokens is not always negative and can vary depending on several factors, such as token liquidity, market conditions, and investor sentiment. The higher the liquidity of the token, the less likely it is that unlocking the token will have a significant impact on the price. A liquid market is able to absorb the supply of new tokens more easily.
Overall market conditions also have an influence. If market is bullish, unlocking tokens may not have a bad impact, it could even push the price up. Apart from that, if investors don't panic sell their tokens when unlocking, then the price of the tokens won't be affected that much.
Check Crypto Prices Today:
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:
What is a Token Unlock Storm and its Impact on Crypto Prices
Massive Token Unlock Will Impact Crypto Markets This Week
Delysium Extends AGI Token Lock Period One Day Before Token Unlock
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.
Comments
0 comments
Please sign in to leave a comment.