Bittime – YouTuber Altcoin Buzz warns that 30 crypto projects with the top market capitalization will face a significant amount of token unlock. This can lead to increased selling pressure and price fluctuations on these tokens.
Will the price of this token fall? What are these tokens?
1.Aptos (APT): Gradual decline, but still potentially impactful
Aptos (APT) started unlocking tokens on May 12, 2024 with a total of 11.31 million tokens, worth around IDR 1.4 trillion. Although this shows a decrease compared to the previous monthly token unlock which reached 24.84 million tokens per month for six months, this number is still quite large and will enter the market.
Following are the details of the unlock token recipients:
- Aptos Foundation: 1.33 million APT
- Community: 3.21 million APT
- Core Contributors: 3.96 million APT
- Investors: 2.81 million APT
It is worth noting that the Aptos airdrop is still ongoing. Investors should follow the project's social media closely and prioritize best practices as well as the use of burner wallets (disposable wallets) to complete tasks to qualify.
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2.Aevo (AEVO): Beware of Potential Price Landslides
Aevo (AEVO) holders may need to get ready. A total of 80% of the project's tokens (812.66 million AEVO), with a value of around IDR 14 trillion, are scheduled to unlock on May 15 2024. This follows the previous 12% token unlock in March, which included 122 million tokens (IDR 2.2 trillion ) to the market.
In addition to this potential sell-off, Aevo will unlock an additional 6.13 million AEVO per day for the next 9 days after May 15 2024, bringing the total unlocked token supply to 100%. Given the large number of tokens that will enter circulation, selling pressure that could lower prices seems likely.
Following are the details of the unlock token recipients in this significant event:
- Initial Private Sales Investors: 172.72 million AEVO
- Tim: 336,00 jute AEVO
3.Pyth Network (PYT): Unlock Token Ganda
Pyth Network (PYT) is preparing for a massive token unlock on May 20, 2024. A total of 2.13 billion PYT tokens, currently worth around IDR 15.5 trillion, will be released. This number is much larger than the massive token generation and airdrop event in November 2023, which at that time unlocked 1.5 billion tokens.
The important thing to note is that the next PYT token unlock is not scheduled for another year. As with any project, be prepared to face potential price volatility.
The following is the allocation for unlocking PYT tokens worth 2.13 billion:
- Publisher Prize: 537.5 million PYT
- Ecosystem Growth: 1.13 billion PYT
- Protocol Development: 212.5 million PYT
- Private Sales: 250 million PYT
Also Read How To Buy Crypto:
Conclusion
With a large token unlock expected to occur in May 2024, crypto investors would be wise to continue monitoring these projects closely and potentially adjust their investment strategies to address potential price fluctuations.
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How to Buy Crypto from Bittime
You can buy and sell crypto assets in an easy and safe way through 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.
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:
Token Unlock in Crypto: Definition, Purpose and Benefits
After Unlocking the Aptos Price Token (APT) Remains Strong
Unlock Tokens Worth IDR 48 Trillion This May, Including AEVO and PYTH!
AEVO, ARB, and RNDR Prices Drop Ahead of Token Unlock, While BitBot Sales Increase!
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.
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