bitcoin While continuing its horizontal course above the $17,000 levels, altcoinThe lifeless picture in the past continues.
While this stillness continues 1INCHThere has been a news that has disturbed the investors.
Chinese journalist Colin Wu, citing data from TokenUnlocks 30 December 2022He shared that 222 million 1INCH tokens will be unlocked on .
Locked tokens make up 14.8% of the total supply and have a market cap of approximately $111 million today.
Although unlocking the tokens does not mean that there will be a direct sale, such developments can reduce the risk appetite for that token.
Given the lack of volume and liquidity of the market, there are concerns that unlocking such a large amount of tokens will increase the selling pressure on 1INCH.
According to the 1INCH Whitepaper, a significant amount of tokens are unlocked every 6 months, and interested investors get their dues.
The previous unlocking took place on June 30. You can see the price action after the last 3 key openings on the chart.
*Not Investment Advice.