This week, a total of millions of dollars worth of locked tokens will be opened in 8 altcoins.
According to Token Unlocks data 24-30 July between the dates Optimism (OP) and Galx (GAL) including a popular project such as in 8 projects in total 43.7 million over the dollar locked token will be inaugurated.
In general, the circulating supply in unlocking from 1% release of excess token is evident in price in a negative way is reflected. Accordingly, in the next week Yield Guild Games, Galxe And Optimism The high rates to be opened in particular are of great importance.
Especially Optimism In projects such as millions of dollars worth of unlocking, partial One downtrend is considered probable. Optimism in May worth $300 million With this situation, the token price experienced a great decrease. In addition, last June, 250 million dollar unlocking as well OP, from early May to early June close to 55% value had lost. OP in the process $1.87 from the level $0.89 had fallen to its level.
Here is the list of assets to be released:
- Sweatcoin (SWEAT): 16.2k worth a dollar 2.78 million the lock of being 24 July 03:00 CET will be opened as of Your circulating supply 0.04% will be free.
- Acala (ACA): 313k worth a dollar 4.66 million units the lock of being 25 July 03:00 CET will be opened as of Your total supply 0.29%, your circulating supply 0.60% will be free.
- Pendle (PENDLE): 45.61 thousand worth a dollar 62.6 thousand the lock of being 26 July 03:00 CET will be opened as of Your circulating supply 0.06% of will be free.
- Ronin (RON): 239 thousand dollars worth 346 thousand units the lock of being 27 July 03:00 CET will be opened as of Your total supply 0.034%, your circulating supply 0.14% will be free.
- Yield Guild Games (YGG): $2.20 million worth a dollar 13 million units the lock of being 27 July 17:00 CET will be opened as of Your total supply 1.32%, your circulating supply 0.19% will be free.
- SingularityNET (AGIX): 2.31 million worth a dollar 9.97 million units lock of being 28 July 03:00 CET will be opened as of Your total supply 0.49%, your circulating supply 0.83% will be free.
- Galxe (GAL): $739k worth a dollar 586 thousand units the lock of being 29 July 15.00 CET will be opened as of Your total supply 0.29%, your circulating supply 1.25% will be free.
- Optimism (OP): $37.9 million worth a dollar 24.1 million units the lock of being 30 July 07:00 CET will be opened as of Your total supply 0.57%, your circulating supply 3,55% of will be free.
In key openings general opinion selling pressure although this is not always the case. Especially in projects with low unlock rates rises can be seen.
On the other hand, a recently published research, the daily trading volume of the amount released at the unlock less than 1% in the respective altcoin as long as seen the rise had revealed.