Token unlocks are important events in the cryptocurrency market, often influencing the supply and demand of a token. When new tokens are released into the market, investors and stakeholders closely monitor them for potential market movements.
These events are part of the project’s roadmap. They distribute tokens allocated to early investors and team members or when a specific project milestone is reached. Knowing the time and scale of the token release can help you gain insights into potential market trends and investment opportunities.
Upcoming Token Unlocks
AGIX
As of the latest data fetched from CoinMarketCap, the SingularityNET (AGIX) price at press time is $0.969. Its market capitalization is $1,243,852,110, and its circulating supply is 1,283,425,719 AGIX. About 70.98% of the tokens are currently unlocked, and another 0.68% will be unlocked on 28 May 2024. The Relative Strength Index (RSI) is at 51.85, indicating neutral momentum. The Moving Average Convergence Divergence (MACD) shows a bearish trend. Over the past seven days, the price of coins has decreased by 1.74%.
PENDLE
At the time of writing, Pendle’s price was $7.12. It has a market capitalization of over $1,095,503,814 and a circulating supply of 153,950,773 PENDLE. The current number of tokens unlocked was around 272,207,920.95, and the maximum supply is infinite. Furthermore, 0.02% of tokens will be unlocked on 29 May 2024. The RSI is at 69.37, almost touching the overbought momentum. And its MACD indicates a bullish signal. The price of the coin increased by 42.67% over the last 7 days.
MINA
At the moment, Mina’s price was $0.8317. Its market capitalization was over $923,084,247, and its circulating supply stood at 1,109,855,846 MINA. The number of unlocked tokens was 814,755,482.45, and it has no upper limit for max supply. Nearly 0.03% of the tokens will be unlocked on 31 May 2024. Mina’s Relative Strength Index is at 50.91 and is firmly in the neutral zone. On the other hand, the MACD of the coin signals a possible bearish trend. The coin’s price increased by 2.80% in the last seven days.
OP
Optimism is a popular coin with a price hovering around $2.59 at press time and a market capitalization of $2,816,544,157. It has a circulating supply of 1,086,889,963 OP, a 25.67% unlocked token percentage, and a max supply of 4,294,967,296 OP. About 2.88% of the tokens will be unlocked on 31 May 2024. The RSI of Optimism is at 48.99, which is neither overbought nor oversold, and MACD indicates a bearish momentum. Furthermore, the coin’s price increased by 0.44% over the last week.
DYDX
At the time of writing, the dYdX (Native) coin price is $2.11. dYdX has a market capitalization of $1,176,931,011 and a circulation supply of 558,480,505 DYDX. Currently, 52.29% of the total tokens are unlocked, and an additional 11.91% will be unlocked on 1 June 2024. The Relative Strength Index is at 49.41, which indicates that the momentum is neutral. The Moving Average Convergence Divergence suggests a bearish trend, and over the last seven days, the coin price increased by 1.09%.
SUI
At press time, the price of Sui is $1.07. It has a circulation supply of 2,339,196,966 SUI and a market capitalization of $2,494,693,788. SUI has 23.38% of the tokens unlocked, and another 2.78% of the tokens worth $69.37 million will be unlocked on 1 June 2024. The coin’s RSI is 45.81, indicating neutral momentum, and MACD displays a bearish trend. In addition, the coin price decreased by 1.19% within the last seven days.
AKT
At the time of publication, the price of Akash Network is $5.33. The coin has a market capitalization of $1,268,5271,429 and a circulating supply of 237,978,585 AKT. Over 62.48% of the coins have already been unlocked, and an additional 0.03% of the tokens worth $395.66K will be unlocked on 1 June 2024. Furthermore, the coin’s Relative Strength Index is 50.46, which signals a relatively neutral momentum. Additionally, the Moving Average Convergence Divergence indicates a bearish trend for the foreseeable future. The coin’s price has declined by 10.81% within the last seven days.
ENA
At press time, the price of Ethena’s coin is $0.9248. It has a market capitalization of $1,406,355,223 and a circulating supply of 1,520,312,500 ENA. About 7.80% of the tokens have been unlocked, and 3.62% of the locked coins worth $49.56m will be unlocked on 2 June 2024. The coin’s RSI is 57.08, which indicates that the momentum is neutral, and the MACD suggests a bullish trend. Over a period of seven days, the coin price increased by 21.41%.
PRIME
At press time, Echelon Prime was priced at $17.39 per coin. It has a circulating supply of 35,773,841 PRIME and a market capitalization of $622,068,079. The total number of coins unlocked accounts for 34.52%, and another 4.23% of the locked coins worth $28.90m will be unlocked on 31 May 2024. Moving Average Convergence Divergence indicates a bearish trend and the Relative Strength Index is at 49.98, which signals neither overbought nor oversold but neutral momentum. The coin price has decreased by 3.54% within the last seven days.
1INCH
At the time of publication, a 1inch Network coin costs $0.4277. It has a market capitalization of $495,750,760 and a circulation supply of 1,158,566,405 1INCH. Over 79.10% of the total coins have been unlocked, and another 8.52% of locked coins worth $42.27m will be unlocked on 1 June 2024. The coin’s Relative Strength Index is 57.24, which signals a neutral trend, and Moving Average Convergence Divergence points to bullish momentum. In a short period of seven days, the coin’s price has increased by 5.49%.
Conclusion
Overall, staying informed about token unlocks and conducting thorough research on market indicators like RSI and MACD can help investors predict possible price changes, manage risks, and more. By integrating these insights, investors can make strategic decisions about a project.
