Caution: 4 Major Tokens Will Be Unlocked This Week, Will There Be Selling Pressure?

Key Points:

• This week 4 major tokens will be unlocked.
• The total supply after the above events did not change much.
• 1INHC is witnessing a decline before unlocking, while EUL is outperforming while the market is not much volatile.

According to the tally of Token Unlocks data, this week (June 19-25), 4 major tokens including 1INHC (1inch), EUL (Euler Finance), ID (Space ID), and ACA (Acala) tokens will be unlocked.

Investors should be aware of the dangers both before and after unlocking tokens, since unlocking tokens might trigger market selling pressure, resulting in major price swings. Below is a list of the 4 major tokens that Coincu has tracked:

1inch

1inch unlocks 15,000 tokens (worth $4,119), equivalent to 0.001% of the total supply at 8:00 am UTC on June 20.

Euler Finance

At 5:45 pm on June, 147,848 EUL tokens ($246,906), equivalent to 0.544% of the total supply, will be unlocked.

Space ID

Space ID unlocks 15,152,777 (approximately $4.36 million), 0.758% of the total supply at 0:00 am on June 22. About 2 billion IDs have been issued, but about 600 million tokens will be unlocked by May 11 next year, and the rest will be unlocked sequentially on November 30, 2028.

Acala

At 0:00 am on June 25, Acala unlocks 4,657,534 tokens (worth about $180,000), representing 0.466% of the entire supply. One billion Acala have been issued, and if the lock-up is lifted, around 400 million will enter the market.

Looking at the above 4 unlock events, we can clearly see that the supply does not fluctuate much after the tokens are unlocked. However, currently, according to the data collected by Coincu, 1INCH is the token that is dropping the most with less than a day left until the token unlocking schedule. Other tokens have not changed much, it is worth noting that EUL tokens have increased by more than 7.3% compared to the rest of the market.

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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Harold

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