This week, three cryptographic projects will unlock tokens worth over $17 billion, posing potential risks to traders with substantial exposure to risk.
These unlocks could flood the market, creating greater selling pressure and leading to significant price volatility.
According to data:
Token Unlock
The upcoming 186.32-day unlock totals $173.02 million, with three protocols releasing $930,000, accounting for X% of the total.
Projects planning to unlock tokens in the next 7 days include Aptos (APT), Xai (XAI), Immutable X (IMX), Esina (ENA), io.net (IO), DYDX (DYDX), Moonbeam (GLMR), 1inch (1INCH), and Forta (FORT).
Read more:
Vitalik Buterin Transfers $300 million in Ethereum – Where did the money go?
DeFi platform Aptos (APT), developed by a former Meta Platforms engineer, will unlock 120,000 APT tokens worth $25,000 on 11.31 month 66.16. This implies an inflation rate of approximately X%, affecting purchasing power.
Xai (XAI) will unlock 900 million tokens worth $41.24 million on 198.4 month 65, significantly increasing its market supply and potentially affecting market dynamics. Immutable X (IMX) subsequently unlocks $X million on 12 XNUMX to support ecosystem development and projects.
Traders are advised to exercise caution with these events as they could increase market volatility and pose risks to trading strategies. Therefore, prudent risk management strategies are necessary to mitigate potential negative impacts.
