2024-10-7 11:45 |
Journalist Wu Blockchain has reported huge token unlocks scheduled for this week, affecting several major altcoins. He highlighted APT, OP, TAIKO, XAI, and ADA as experiencing single large-amount unlocks in the next 7 days.
Meanwhile, tokens like SOL, WLD, TAO, AVAX, SEI, NEAR, DOT, DOGE, SUI, FIL, and BEAM are set for linear large-amount unlocks over the same period. According to Wu’s calculations, based on data from the Token Unlocks platform, the total value of these unlocks exceeds $451 million.
Cliff Unlocks vs. Linear UnlocksHere are the details:
Large Token Cliff Unlocks (10/8 – 10/14): Tokens that will experience a sudden or cliff unlock, where a large portion is released at once.
APT (Aptos): 11.31M tokens, valued at $99.30M (2.25% of circulating supply). OP (Optimism): 12.47M tokens, valued at $21.08M (0.99% of circulating supply). TAIKO: 12.00M tokens, valued at $19.80M (15.62% of circulating supply). XAI: 35.88M tokens, valued at $7.23M (6.20% of circulating supply). ADA (Cardano): 18.53M tokens, valued at $6.50M (0.05% of circulating supply).Large Token Linear Unlocks (10/8 – 10/14): Tokens that will experience a gradual release over time (linear unlock).
SOL (Solana): 524.03K tokens, valued at $78.57M (0.11% of circulating supply). WLD: 37.23M tokens, valued at $74.45M (7.32% of circulating supply). TAO: 71.76K tokens, valued at $46.17M (0.97% of circulating supply). AVAX (Avalanche): 700K tokens, valued at $19.11M (0.17% of circulating supply). SEI: 35.20M tokens, valued at $15.52M (1.00% of circulating supply). NEAR: 2.91M tokens, valued at $15.20M (0.26% of circulating supply). DOT (Polkadot): 2.81M tokens, valued at $11.94M (0.20% of circulating supply). DOGE (Dogecoin): 94.47M tokens, valued at $10.78M (0.06% of circulating supply). SUI: 4.59M tokens, valued at $8.73M (0.17% of circulating supply). FIL (Filecoin): 2.24M tokens, valued at $8.52M (0.38% of circulating supply). BEAM: 495.14M tokens, valued at $8.16M (0.96% of circulating supply).Read also: Investors Pouring Serious Money Into TRUMP and MAGA Meme Coins Following Elon Musk Pro-Trump Speech
Why Token Holders Should Be CarefulToken unlocks can be a big deal for crypto holders. When a lot of tokens hit the market at once, it can shake things up. Sometimes, people who’ve been waiting to sell their tokens do just that, and this can push prices down. It’s not always bad news, but it’s something to watch out for.
These unlocks can change how many tokens are out there for trading. More tokens available might mean the price could drop, at least for a bit. It’s not set in stone, but it’s happened before with other cryptocurrencies.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
The post Traders, Be Careful! Large Token Unlocks Coming for SOL, TAO, ADA, and Other Cryptos appeared first on CaptainAltcoin.
Similar to Notcoin - Blum - Airdrops In 2024
Waves Community Token (WCT) на Currencies.ru
|
