Data from Token.unlocks shows that an altcoin project popular with Turkish investors will unlock $15 million worth of tokens in the coming hours.
Watch out for this watch, $15 million will be poured into the market
Oasis Network (ROSE) will unlock 199.5 million ROSE tokens today at 7 PM. The total value to be released at the current ROSE price is around $15 million. According to data from Token.unlocks, around 2% of the ROSE supply is released at the February 18 token unlock event.
Oasis Network (ROSE) token economy
The ROSE token is used for staking, delegation and transaction fees in the consensus layer of the Oasis network. The project team limited the market breakdown to 10 billion tokens. Currently, approximately $200 million of ROSE is locked in staking pools. Here users earn up to 12% APY rewards for their contribution to the security of the network.
How can token unlock affect altcoin price?
Token unlock typically means that tokens are now in circulation. Owners can sell these tokens or exchange them for another token. Locked tokens are usually owned by members of a team, initial investors or staking investors. The important point to note is that the token unlock dates, which are set months in advance, lead to sales expectations among investors.
Keeping track of token unlock dates is especially important for individual investors because when a significant portion of the token supply is released at once, there can be an incredible amount of selling pressure that will negatively impact the token price. For example, the SWEAT token dropped 30% when it unlocked its tokens on December 12, 202.
Where can I find the token unlock dates?
We can use several websites for this. cryptocoin.com In this article, we have included the projects that will unlock a large amount of tokens this year. You can follow the upcoming dates from the sources below.
- token.unlocks.app: You can follow which tokens will unlock in chronological order.
- vestlab.io: Similar to TokenUnlocks, it will give you a chronological list of upcoming unlocks, starting with the closest. The most important feature of Vestlab is that it has a calendar view with all the marquee names.
The most popular altcoin projects that will unlock the billion dollar token are:
- Ripple (XRP): $17.9 billion
- Filecoin (FIL): $4.9 billion
- Optimism (OP): $3.7 billion
- Chainlink (LINK): $2.9 billion
- BitDAO (BIT): $2.5 billion
- ApeCoin (APE): $2.3 billion
- STEPN (GMT): $1.4 billion
- Hedera (HBAR): $1 billion
- Axie Infinity (AXS): $1 billion
- dYdX (DYDX): $900 million
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