Date: Sat, Sept 14, 2024, 06:06 PM GMT
The cryptocurrency world is gearing up for a notable event next week as a major token unlock is set to release over $133 million worth of tokens into the market. According to data from Token Unlocks, this event will involve the release of several high-profile tokens, including Arbitrum (ARB), ApeCoin (APE), and Echols Prime (PRIME). These unlocks can often lead to increased volatility and price shifts, as large amounts of tokens are made available to the public.
Here’s a breakdown of the major token unlocks scheduled for next week:
- Arbitrum (ARB): $48.96M worth of tokens to be unlocked on September 16.
- ApeCoin (APE): $11.56M worth of tokens to be unlocked on September 17.
- Echols Prime (PRIME): $5.87M worth of tokens to be unlocked on September 17.
- Pixel (PIXEL): $7.33M worth of tokens to be unlocked on September 19.
- Lista (LISTA): $8.66M worth of tokens to be unlocked on September 20.
- ID: $26.93M worth of tokens to be unlocked on September 22.
- Galxe (GAL): $1.30M worth of tokens to be unlocked on September 22.
- ENA: $3.11M worth of tokens to be unlocked on September 22.
The ARB unlock, which is the largest of the batch, will see almost $49 million worth of tokens hit the market on September 16. APE and PRIME follow closely behind with substantial unlocks on September 17.
Token unlocks, while crucial to the development of projects, can also lead to increased price volatility. As more tokens become available, supply grows, and investors will be watching closely to see how these events affect the token prices. Some may anticipate dips due to selling pressure, while others may look for opportunities to buy at a lower price.
Next week’s unlocks will certainly be one to watch, especially with ARB, APE, and PRIME leading the charge. Keep an eye on how these tokens respond to their sudden increase in circulation.