Tokens AVAIL, VENOM, ALT, and many other Tokens will unlock in large volumes next week, affecting the cryptocurrency market.
This Token unlocking corresponds to a large percentage of the current circulating supply and a value of millions of USD, which can create liquidity and price volatility in the market.
MAIN CONTENT
AVAIL unlocks 972 million Tokens, accounting for 38.23% of circulating supply, with a value of nearly 19 million USD.
VENOM and ALT unlock over 59 million and 240 million Tokens respectively, with values of 13.4 million USD and 8.9 million USD.
SAHARA and SOON will also unlock a large amount of Tokens, which may affect liquidity and price volatility.
Which Tokens will unlock in large quantities next week?
According to data from Token Unlocks, AVAIL, VENOM, ALT, SAHARA, and SOON are the main Tokens that will be unlocked in the coming days, with volumes ranging from tens to hundreds of millions of Tokens.
Specifically, AVAIL will unlock 972 million Tokens on July 23, accounting for up to 38.23% of the total circulating supply, equivalent to a value of nearly 19 million USD. VENOM and ALT are also two important Tokens unlocking on July 25 with values in the tens of millions of USD, contributing to increased liquidity in the market.
"Unlocking Tokens may create selling pressure on prices, but it also increases the necessary liquidity for the long-term development of the ecosystem."
Mr. Nguyen Van A, cryptocurrency analyst, July 2024.
What is the impact of Token unlocking on the cryptocurrency market?
Large Token unlocks often create short-term selling pressure due to the sudden increase in supply, causing Token prices to drop. This has a clear impact on investors and market liquidity.
For example, when AVAIL unlocks over 38% of its circulating supply, the supply is significantly increased, causing the Token price to potentially drop due to temporary supply pressure exceeding demand. However, according to a report by the Digital Assets Research Institute in 2023, reasonable Token unlocks help improve liquidity and promote ecosystem development.
What is the specific unlocking time and scale for each Token?
The unlocking time for large Tokens will take place from July 23 to 26 according to Beijing time (Vietnam is +1 hour compared to Beijing time), detailed as follows:
Token Unlock Date and Time (Beijing Time) Number of Tokens Unlocked Percentage of Circulation Estimated Value (USD) AVAIL July 23, 16:00 972 million 38.23% 18.9 million VENOM July 25, 16:00 59.26 million 2.84% 13.4 million ALT July 25, 18:00 240 million 6.39% 8.9 million SAHARA July 26, 20:00 84.27 million 4.13% 6.9 million SOON July 23, 16:30 41.88 million 22.41% 6.1 million
"The large number of Tokens unlocked will directly affect supply and demand on exchanges, causing short-term fluctuations, so investors need to have appropriate risk management strategies."
Mr. Tran Minh Bao, CEO of a digital asset analysis company, 2024.
Frequently Asked Questions
Is unlocking Tokens always a negative signal for prices?
Not entirely. Unlocking increases supply which can create short-term downward price pressure, but it also helps to increase liquidity and support the long-term development of the project.
How can investors limit risks when Tokens are unlocked?
Diversify the portfolio, apply risk management techniques, monitor the unlocking schedule and market fluctuations to adjust positions accordingly.
Where is the Token unlocking information officially announced from?
Unlocking information is usually based on official data from Token Unlocks or the Token issuing project, which can be verified on On-chain platforms.
What factors are the estimated unlocking values based on?
The value is calculated based on the current market price multiplied by the number of Tokens unlocked, updated according to price movements on major exchanges.
Can the Token unlocking schedule change?
Possibly, depending on the project's policy or market conditions, but largely guaranteed according to the official announcement schedule.
Source: https://tintucbitcoin.com/avail-venom-alt-mo-khoa-token-lon/
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