Token unlocks are pivotal events in the cryptocurrency market, significantly impacting a token’s supply and demand dynamics. These events refer to the scheduled release of locked tokens, often outlined in a project’s roadmap. They distribute tokens to early investors, team members or upon reaching specific project milestones. As new tokens enter the market, investors and stakeholders keenly observe these events for potential market fluctuations. Understanding the timing and scale of these token releases can provide valuable insights into potential market trends and investment opportunities.
Upcoming Tokens Unlock
1INCH
According to the latest data from CoinMarketCap, the price of 1inch Network (1INCH) at press time is $0.4825. Its market capitalization is $572,831,020, and its circulating supply is 1,189,937,157 1INCH. 1INCH has unlocked 85.68% of the tokens, which is 1,285,190,957.37 1INCH and is about to unlock an additional 0.01%, which is worth nearly $10.32k on 9 June 2024.
The coin’s Relative Strength Index (RSI) is 59.23, which indicates that its momentum is neutral. The Moving Average Convergence Divergence (MACD) suggests a bearish trend, and the coin’s price has decreased by 4.07% over the last seven days.
DYDX
At the time of publication, the dYdX (Native) coin’s price was $1.91, and its total volume (24h) was $89,096,695. The coin’s market capitalization was $1,133,280,062 and has a circulating supply of 593,526,139 DYDX. It has unlocked 55.63% of the tokens, which is 556,253,142.00 DYDX and is about to unlock an additional 0.55% of tokens worth $3.36m on 11 June 2024.
The RSI of the coin is 41.69, which represents neutral momentum, and MACD suggests a bearish trend. Moreover, over the last 7 days, the coin’s price has decreased by 5.20%
Bitcoin Consolidates at ATH Despite $2B Open Interest Loss: What’s Next?PENDLE
At the time of writing, the price of Pendle (PENDLE) was $5.52, and its total volume, based on the last 24 hours, was $107,305,551. Its market capitalization is $962,852,334, and its circulating supply is 155,919,574 PENDLE. The coin has unlocked 272,747,701.93 PENDLE and is expected to unlock 0.02% of the tokens worth $221k on 12 June 2024.
Pendle’s Relative Strength Index (RSI) is 45.39, which is firmly in the neutral zone. On the other hand, the coin’s Moving Average Convergence Divergence (MACD) indicates a bullish trend. In addition, the coin’s price has decreased by 10.06% in a short period of 7 days.
APT
At press time, Aptos (APT) is trading at $8.46, and its total volume (24 hours) has reached $213,197,137. The coin’s market capitalization has reached $3,704,945,653, and its circulating supply is 437,945,579 APT. It has unlocked 344,885,877 APT and is about to unlock 2.58% of the tokens worth $102m on 12 June 2024.
APT’s RSI is 40.08, indicating a neutral trend and the MACD displays a bearish trend. Over a period of seven days, the coin’s price has decreased by 6.94%.
IMX
At the time of publication, the price of Immutable (IMX) is $2.06%, and its 24-hour volume is $76,813,964. IMX’s market capitalization is $3,052,832,272, and its circulation supply is 1,482,345,419 IMX. The coin has unlocked 74.67% of the tokens, which is 1,493,372,884.00 IMX and is about to unlock an additional 1.72% of tokens worth $57m on 14 June 2024.
The coin’s Relative Strength Index (RSI) is 39.09, which indicates the market is neutral. Its Moving Average Convergence Divergence (MACD) points to a bullish trend, and the price of the coin has decreased by 8.55% over the last seven days.
Nascent Ventures Secures 447.67B PEPE Amid Market Downturn, Reaping Early ProfitsSTRK
At press time, Starknet’s price was $1.17, and its total value over the last 24 hours has reached $248,930,884. Its market capitalization was $1,514,672,786, and the circulation supply has reached 1,300,311,845 STRK. The coin has unlocked 8.48% of the tokens, which is 847,785,318.20 STRK and will unlock an additional 4.92% of tokens worth $82.56m on 15 June 2024.
Starknet’s RSI is 43.87, showing a neutral trend, and the MACD is displaying bearish momentum. The coin’s price has increased by 0.42% in the last seven days.
Conclusion
Overall, understanding token unlocks and conducting thorough research on market indicators like RSI and MACD can provide investors with valuable insights. By staying informed about these factors, investors can better predict possible price changes, manage risks, and make strategic decisions. Integrating these insights helps traders navigate market trends and make informed decisions about their investments.
