Although there are some exceptions, the cryptocurrency market has had a bullish week after a long hiatus. The leading crypto Bitcoin led this bull run. However, altcoin projects outperforming Bitcoin were not absent. As we start a new week, one of the important agendas will be un-lock events. We took a look at the projects that will unlock this week for our readers.
Token-unlock blog of the week for altcoin projects
cryptocoin.comAs you follow, the dark clouds over the crypto market have dissipated a bit. Bitcoin and most altcoins posted strong gains over the past week. However, next week still remains uncertain. Because the regulatory pressure has not disappeared yet. However, altcoin projects continue their activities at full speed. In this context, one of the agendas of the next week will be token un-lock events.
We will start the week with the un-lock event of Optimism (OP), GateToken (GT) and Dogechain (DC). Optimism will unlock $1.70 million worth of tokens. GateToken and Dogechain will release $28.31 million and $2.62 million in tokens, respectively.
On the second day of the week, we will watch the un-lock events of Flow Network (FLOW), Axelar (AXL), ApeX (APEX) and Yield Guild Games (YGG). Altcoin projects will dump $7.32 million, $10.37 million, $2.01 million, and $2.10 million in tokens, respectively. Here, ApeX draws attention, which will release approximately 27% of tokens according to the amount of tokens in the market. Because a large amount of tokens will enter the market, it has a high potential to affect the altcoin price.
On Wednesday, Radicle (RAD), Itheum (ITHEUM), and Open Campus (EDU) will unlock the tokens. Open Campus is worth watching, with $16.38 million in tokens accounting for around 15% of its market cap. Only WOO Network (WOO) is on Thursday’s un-lock agenda. The altcoin project will release $3.39 million worth of tokens.
We will enter the weekend with an intense un-lock event.
The last working day of the week will be very busy as an un-lock event. Because there will be un-lock activity of Illuvium (ILV), Celo (CELO), API3, Gamium (GMM), Nym (NYM) and Beta Finance (BETA). Of these, Gamium and Beta Finance are worth watching as they will release over 5% tokens. The two altcoin projects will unlock $1.47 million and $2.96 million in tokens, respectively.
We will enter July with Swipe (SXP), Merit Circle (MC), StakeWise (SWISE) and Hooked Protocol (HOOK) un-lock event. Within the projects, StakeWise and Hooked Protocol will release notable tokens. And we’ll end the week with the Orbler (ORBR), Agoric (BLD) and Biconomy (BICO) token un-lock. Of these, Orbler will dump $20.00 million of highly loaded tokens into the market.
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