Key Points:
- This week, there will be an unlock tokens phase worth more than 100 million USD from 7 big projects such as Aptos, Blur, 1inch,…
- The SEC’s massive regulatory battle with Binance and Coinbase hit the altcoin market hard.
- Investors should pay attention not to rely solely on unlock token information to decide to short one token.
Token Unlocks data shows that 7 crypto projects will unlock tokens this week, with a total issuance value of around $140 million.
- Aptos (APT) will unlock 4,543,477.94 tokens at 08:00 on June 12, worth about $28.35 million, representing 0.454% of the total supply.
- Blur (BLUR) will unlock 195,999,999.97 tokens at 02:00 on June 15, worth about $62.64 million, representing 6.533% of the total supply.
- 1inch (1INCH) will unlock 15,000 tokens at 4:00 on June 15, worth about $4042, representing 0.001% of the total supply.
- LookRare (LOOKS) will unlock 37,500,000 tokens at 01:24:50 on June 16, worth approximately $2.08 million, representing 3.75% of the total supply.
- Flow (FLOW) will unlock 7,291,666.66 tokens at 08:00 on June 16, worth about $3.69 million, representing 0.507% of the total supply.
- ApeCoin (APE) will unlock 15,601,326 tokens at 08:00 on June 17, worth approximately $36.66 million, representing 1.56% of the total supply.
- ImmutableX (IMX) will unlock 18,075,990.72 tokens at 18:00 on June 17, worth about $10.86 million, representing 0.904% of the total supply.
The market factor is something that cannot be ignored when it comes to the price of tokens. It can be seen that the entire market is in a gloomy picture when the intense legal battle between the SEC and the two exchanges occupying the largest market share of the market is Binance and Coinbase.
Last week, the altcoin market witnessed serious bloodshed when the SEC accused a series of tokens as unregistered securities that caused altcoin prices to plummet. The heaviest were Solana (SOL), Cadano (ADA) ) and Polygon (MATIC), with a reduction of up to 25%.
Investors should also pay attention not to rely solely on unlocked token information to make a decision to short one coin/token. Unlock tokens will increase the circulating supply of the token, but it is unlikely that the token will be inflated or depreciated if there are effective tokenomics. Besides, the unlock token is just one of the few factors affecting the token’s price besides the macro situation, tokenomics policy, etc.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Source: https://news.coincu.com/194148-unlock-tokens-this-week-worth-100-million/