Millions of tokens will be unlocked in six different popular altcoin projects this week.
On the other hand, considering the expert opinions, the performance of the crypto market in 2023 minimize this effect. downloading. Having experienced a similar unlocking event in the past few days aptos (APT) project, after unlocking rather than sales pressure a significant rise had lived. Some users have heard that this is a move made by market makers to circulate the released tokens at a higher price. is manipulation claims.
According to TokenUnlocks data, in total this week 5 different projects Millions of tokens will be unlocked. The unlock event, which differs in percentage for each project, has the potential to create sales pressure in general.
Popular NFT card game By Axie Infinity (AXS) 270 million total supply to 1.8% corresponding 62.5 million dollar worth 4.8 million token lock January 23 will open on . currently 114 million AXS is in circulation. At the time of writing AXS news from $12.31 traded in the markets.
Popular cryptocurrency running as a parachain on the Polkadot network Acala Network (ACA) of the total supply 0.5% of representative 689 thousand dollars 4 million 657 thousand tokens unlocked January 25 will open on . Currently in circulation according to data 613 million There is an ACA supply. At the time of writing the ACA article from $0.143 traded in the markets.
Aiming to create an open credential data network for developers Galxe (GAL) with total supply 200 million at the moment 46 million on the market. With this unlocking will increase by 0.1% and 192 thousand tokens worth 388 thousand dollars January 26 will be included in circulation. At the time of writing the GAL article from $2 traded in the markets.
Acting as a bridge between blockchains and coming to the fore with a major hacking attack before Ronin Network (RON) of the total supply 4.3%representing the 42 million 930 thousand tokens worth $25.8 lock January 27 will open on . Currently in circulation according to data 148 million RON has a supply. RON at the time of writing the news from $0.595 traded in the markets.
The total supply of YGG, the native cryptocurrency of the Yield Guild Games ecosystem 1 billion at the moment 148 million on the market. With this unlocking will increase by 1.7% and 16 million 872 thousand tokens worth $4.8 million January 27 will be included in circulation. YGG at the time of writing the news from $0.284 traded in the markets.
on the Ethereum network NFT Undertaking layer-2 scaling solution for projects Immutable X (IMX) 2 billion the total supply of 785 million is in circulation. January 28 With the unlocking that will take place on 0.9% will increase and 18 million 75 thousand tokens worth $12.9 million will be in circulation. At the time of writing the IMX news From $0.695 traded in the markets.