$BB token unlock will happen in the few hours to come, What does this mean by token Unlocking by the project owners??
Understand That:
š„ Token unlock refers to the release of previously locked crypto tokens into circulation. When projects launch, they often restrict certain tokens from being sold for a period of time. When these tokens unlock, more supply enters the market, potentially causing price drops.
Summary :
#bouncebit is unlocking 48,533,333 tokens worth $6,425,813, accounting for 2.31% of the current market cap. Token unlock event might impact prices. Just like previous unlocks saw the price go up and with time dropped and later stabilized.
BB price is 0.1316 at the time of writing this of which this showed a 3.86% boost from previous correction and from unlocking the prices are yet to be altered.
NB: After all token unlocking š is done the price with time will drop due to a bigger token circulation and when it's exhausted it becomes scarce and the price will shoot and this happens to nearly all projects unlocking helps stabilise token prices.
Remember to Do your Own research before investing in Bouncebiit token.