According to Crypto Rank data, several tokens with significant unlock amounts are set to be released this week, potentially impacting their market dynamics.
June 24: Worldcoin (WLD)
– Unlock Equivalent: $8.79 million
– Tokens to be Unlocked: 3.20 million
Worldcoin kicks off the week with the unlocking of 3.20 million tokens, valued at $8.79 million. This event is expected to influence trading activities and liquidity for WLD.
June 25: Alt Layer (ALT)
– Unlock Equivalent: $17.35 million
– Tokens to be Unlocked: 98.96 million
The following day, Alt Layer will see a substantial release of 98.96 million tokens, equivalent to $17.35 million. This significant influx could lead to notable market movements.
June 26: Gatechain (GT)
– Unlock Equivalent: $15.13 million
– Tokens to be Unlocked: 2 million
On June 26, Gatechain will unlock 2 million tokens worth $15.13 million, likely affecting GT’s market supply and price volatility.
June 27: Axelar (AXL)
– Unlock Equivalent: $14.19 million
– Tokens to be Unlocked: 25.81 million
Axelar’s token unlock on June 27 involves 25.81 million tokens valued at $14.19 million, potentially impacting trading volume and price dynamics.
✍️ TOKEN UNLOCKS THIS WEEK!
Here's a list of upcoming token unlocks this week👇@worldcoin
Unlock date → June 24 (Today)
Unlock equivalent in $ → $8.79m
Tokens to be unlocked → 3.20m
………..@alt_layer
Unlock date → June 25
Unlock equivalent in $ → $17.35M… pic.twitter.com/fqri9g1sAD— Princ3 🌿 (@Prince_omobee) June 24, 2024
June 28: Fetch.ai (FET)
– Unlock Equivalent: $7.39 million
– Tokens to be Unlocked: 5.37 million
Fetch.ai will release 5.37 million tokens worth $7.39 million on June 28, adding to its circulating supply and possibly influencing market trends.
June 29: Portalcoin (PORTAL)
– Unlock Equivalent: $13.75 million
– Tokens to be Unlocked: 30.6 million
Portalcoin’s unlock event on June 29 will see 30.6 million tokens, valued at $13.75 million, enter the market, which may affect its liquidity and price stability.
June 30: Optimism (OP)
– Unlock Equivalent: $54.85 million
– Tokens to be Unlocked: 32.21 million
The week concludes with Optimism unlocking 32.21 million tokens worth a substantial $54.85 million on June 30. This large unlock could lead to significant price fluctuations and trading activity.
These token unlocks are critical events for investors and traders to monitor, as they can influence market sentiment and asset valuation in the short term.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: cuteimage/123RF // Image Effects by Colorcinch
