Upcoming Token Unlocks Valued at $341M for APT, STRK, SOL, ETHFI, and Other Cryptocurrencies
Prepare for a Token Tsunami in the Crypto Market
Get ready, crypto enthusiasts! This week, a massive wave of tokens worth over $340 million is set to sweep through the cryptosphere. Here's a breakdown of the projects set to unleash the tokens, and what you can expect.
Blockbuster One-Time Unlocks
Leading the charge is none other than Aptos - APT. On June 12, a staggering 11.31 million APT tokens (worth around $53 million) will be unlocked. This amounts to nearly 2% of APT's current supply, so keep a close eye on its liquidity. Hot on Aptos' heels is Starknet, which plans to unleash 127 million STRK tokens (valued at $17 million) on June 15 – a substantial 3.79% of its current supply.
Immutable and Move Take Center Stage
On June 13, Immutable will unlock 24.52 million IMX tokens (roughly $13 million). With just 1.33% of the supply impacted, the effects might not be too overwhelming. In the same day, Movement will release 50 million MOVE tokens (worth $7.1 million), impacting almost 2% of its circulating supply.
Daily Linear Unlocks: The Squeeze
While smaller in value, these events can still impact specific markets due to continuous selling pressure. For example, Solana will release a daily 465,770 SOL tokens (totaling $70.83 million by the week's end). This will affect only 0.09% of SOL's supply, but whales will keep a close eye on it.
Worldcoin follows with a weekly unlock of 37.23 million WLD tokens (worth $41 million), which accounts for nearly 3% of its supply. TAO, Dogecoin, TIA, AVAX, SUI, MORPHO, ETHFI, and DOT will also unlock tokens, with each adding $9 to $19 million to the weekly total.
Secondary Players: Don't Ignore Them
Smaller projects like NEAR, JTO, and IP will add around $7 to $9 million in weekly token unlocks. Despite their comparatively small size, these can trigger sizeable effects in thinly-traded pairs. The gaming and DeFi sectors also face notable unlocks: Web3Games.com plans to release $5.06 million worth of WGT tokens, while Ta-da will add another $91,516 worth of TADA tokens.
Crypto Market: Brace Yourself
With so many tokens being unlocked, the crypto market is likely to experience volatility if demand doesn't match the increased supply. The potential impact on prices will depend on market dynamics such as liquidity, market sentiment, and the release model (linearly unlocked tokens may have less immediate impact than those unlocked all at once). Be on the lookout for these groundbreaking unlocks and their potential effects on the market!
Brace yourself for a series of token releases in the coming days, as Aptos, Starknet, Immutable, and Movement prepare to unlock significant amounts of their tokens worth millions. Solana, Worldcoin, TAO, Dogecoin, TIA, AVAX, SUI, MORPHO, ETHFI, DOT, along with smaller projects like NEAR, JTO, and IP, will also be releasing tokens, potentially causing volatility in the crypto market due to increased supply. Keep an eye on the gaming and DeFi sectors, as well, as prominent unlocks are expected from Web3Games.com and Ta-da. With market dynamics such as liquidity, market sentiment, and release models coming into play, it's crucial to remain vigilant and informed during this Token Tsunami.
