Important information about upcoming cryptocurrency unlocks

Data from Token Unlocks reveals major unlocks

On June 22, data from Token Unlocks indicated that many important cryptocurrencies will have major unlocks in the coming week. These projects are expected to release billions of Tokens, significantly impacting the supply and demand flow of the cryptocurrency market.

Cryptocurrencies will unlock according to a specific schedule

Blast (BLAST)

At 10 PM on June 26, Beijing time, approximately 10.5 billion BLAST Tokens will be unlocked. This accounts for nearly 35% of the circulating supply, with an estimated value of about 22.5 million USD. This unlock could cause significant volatility for the price of BLAST.

Venom (VENOM)

Approximately 59.26 million VENOM Tokens will be released at 4 PM on June 25, accounting for 2.84% of the circulating supply, valued at around 10 million USD. This is a notable unlock, expected to create significant selling pressure.

SOON (SOON)

At 4:30 PM on June 23, more than 41.88 million Tokens will be unlocked, accounting for 22.41% of the total supply. The estimated value is about 8.4 million USD. This move could significantly impact the value of this cryptocurrency in the market.

Other cryptocurrency projects are also preparing for unlocks

AltLayer (ALT)

Approximately 240 million Tokens will be unlocked at 6 PM on June 25, accounting for 6.83% of the circulating supply, valued at about 6.7 million USD. The scale of this unlock is expected to create significant volatility.

Undeads Games (UDS)

On the early morning of June 26, approximately 2.15 million UDS Tokens will be unlocked, accounting for 2.13% of the circulating supply, valued at around 2.3 million USD. This is a smaller unlock but still noteworthy.

IOTA (IOTA)

At 8 AM on June 25, 15.16 million IOTA Tokens will be unlocked. This accounts for 0.39% of the supply, with an estimated value of around 2.3 million USD. The sudden increase in supply may impact the value of IOTA.

Other cryptocurrency projects are about to have unlocks

Velo (VELO)

Approximately 182 million Tokens will be unlocked on the morning of June 26, accounting for 2.47% of the circulating supply. The estimated value is around 2.1 million USD.

Yield Guild Games (YGG)

On the night of June 27, 14.08 million YGG Tokens will unlock, accounting for 2.68% of the total supply, valued at approximately 1.9 million USD. This event may affect Yield Gaming platforms.

SingularityNET (AGIX)

At 8 AM on June 28, approximately 7.15 million AGIX Tokens will unlock, accounting for 2.38% of the total supply, valued at around 1.9 million USD.

Artificial Superintelligence Alliance (FET)

On the morning of June 28, nearly 3.1 million FET Tokens will be unlocked, accounting for 0.12% of the total supply, valued at about 1.9 million USD. These unlocks are expected to create a temporary supply-demand imbalance, affecting the prices of these projects in the cryptocurrency market.

Market Impact and Predictions

Major unlocks often come with the risk of price declines due to a sudden increase in supply. However, they can also be opportunities for traders to exploit short-term fluctuations. Investors need to closely monitor the expected unlock times to make informed decisions. These projects reflect the transformative trend of the cryptocurrency market, where developers release new Tokens to expand ecosystems or raise funds.

Do you want to know more about the anticipated market or strategies to benefit from these unlocks? Stay tuned for the latest updates.

Source: https://tintucbitcoin.com/blast-venom-soon-mo-kho-hang-trieu-usd/

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