In the coming week, many large Tokens like CHEEL, APT, IMX and others will be unlocked with significant volumes, affecting the global cryptocurrency market.

The unlocking of Tokens will release tens of millions of Tokens into the market, with a total value of tens of millions of USD, impacting liquidity and price fluctuations. This is important information for investors and professional traders.

MAIN CONTENT

  • More than 280 million Tokens from major projects will be unlocked in the coming week.

  • The value of unlocked Tokens reaches nearly 100 million USD, significantly impacting supply and demand.

  • Tokens like CHEEL, APT, IMX have unlocking rates of total supply from 1.31% to over 22%.

Which Tokens will be unlocked in the coming week and what will be their scale?

Data from Token Unlocks shows that CHEEL, APT, IMX, along with many other Tokens will proceed to unlock large amounts of Tokens from July 7 to July 13. The total value reaches nearly 100 million USD.

Specifically, the CHEEL Token is expected to unlock 20.81 million Tokens, approximately 17.4 million USD on the morning of July 13 according to Vietnam time; APT 11.31 million Tokens equivalent to nearly 50 million USD on the evening of July 12; IMX 24.52 million Tokens, approximately 10.1 million USD occurring on the morning of July 11. In addition, Tokens like IO, MOVE, AGI, NEON also have a clear unlocking schedule with unlocking rates ranging from 1.31% to 22.51% of total circulation.

A real-life example of the impact from large Token unlocking events.

The NEON unlocking event on the morning of July 7 accounts for 22.51% of the current circulation, equivalent to over 5 million USD. This is a noteworthy figure, according to the annual report on market liquidity, a high unlocking rate often accompanies strong price fluctuations due to a sudden increase in Token supply.

The unlocking of large volumes of Tokens can significantly change liquidity and price volatility in the cryptocurrency market, requiring investors to closely monitor to manage risks effectively.
Nguyen Minh Tuan, CEO of Blockchain Alpha Investment Company, 06/2024

How does the unlocking of Tokens affect the cryptocurrency market?

The Token unlocking event brings additional supply, which may increase selling pressure, diluting the cryptocurrency market. According to research from the 2023 Chain Analysis report, large unlocking events often lead to temporary downward price pressure due to a sudden increase in the amount of newly circulated Tokens.

Investors need to carefully consider, combining technical and fundamental analysis to identify reasonable buying and selling points. In particular, Tokens unlocked with high rates of total supply like NEON should be prioritized for close monitoring of price fluctuations.

What is the detailed unlocking schedule for each Token in the coming week?

The official unlocking schedule is from July 7 to July 13, according to Vietnam time, as follows:

Token Date/Time Zone Unlock Amount Unlock Rate (%) Estimated Value (USD) NEON 7/7, 7:00 AM 53,910,000 22.51% 5 million IMX 11/7, 7:00 AM 24,520,000 1.31% 10.1 million IO 11/7, 7:00 PM 13,290,000 7.87% 9.1 million MOVE 11/7, 7:00 PM 50,000,000 1.92% 7.7 million AGI 11/7, 7:00 AM 106,000,000 5.97% 5.4 million APT 12/7, 9:00 PM 11,310,000 1.75% 49.9 million CHEEL 13/7, 7:00 AM 20,810,000 — 17.4 million

Investors should monitor the Token unlocking schedule to anticipate supply and demand pressure, thereby developing appropriate investment strategies to optimize profits and minimize risks.
Tran Van Hau, Cryptocurrency Analyst, 06/2024

What measures should investors take when there is a large Token unlocking event?

Financial experts recommend that investors diversify their portfolios, apply strict risk management, and use technical analysis tools to identify reasonable buying and selling points when the unlocking event occurs.

In particular, according to CEO Nguyen Minh Tuan, accurately grasping the timing and scale of the unlocking is a decisive factor for the effectiveness of long-term investment strategies in the highly volatile cryptocurrency market.

Frequently Asked Questions

  • What is Token unlocking? It is the amount of Tokens that were previously locked and are now allowed to circulate, affecting supply and price in the market.

  • Why is the Token unlocking event important? Because the newly issued Tokens can change liquidity and cause strong price fluctuations.

  • What should investors do when there is a large unlocking event? Closely monitor the schedule, apply risk management, and consider adjusting their investment portfolios.

  • Where can one look up the Token unlocking schedule? Many specialized platforms provide this information, such as Token Unlocks, cryptocurrency industry newsletters.

  • Does unlocking Tokens cause their prices to drop? It can happen due to the increased supply, but it also depends on market conditions and actual demand.

Source: https://tintucbitcoin.com/cheel-apt-imx-mo-khoa-token-lon/

Thank you for reading this article!

Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!