According to data from Token Unlock, Galxe is preparing to unlock 4.17 million $GAL tokens, valued at approximately $14.81 million, on August 2, 2024.
This unlock represents 3.52% of the total supply. So far, Galxe has unlocked 60.77% of its tokens.
Six hours ago, an address identified as 0x195…92A10 deposited 1.27 million $GAL into Bybit. These tokens, valued at $3.85 million, were received from the multi-signature address of the Galxe project between May 2022 and August 2023.
🔓 Weekly Cliff Unlocks : 29-4 August 24 🔓
🔥 $ 347.28m 🔥
🌟 Unlock Highlights 🌟$W (33.33%) – $171.72m$OP (2.79%) – $54.53m$SUI (2.56%) – $48.98m$ZETA (18.92%) – $33.69m$GAL (3.52%) – 14.81m$DYDX (3.65%) – $10.58m$ENA (0.87%) – $6.58m
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( % of cir. supply) pic.twitter.com/IZe9lOUYaN— Token Unlocks (@Token_Unlocks) July 26, 2024
Address Received Over 1.86 Million $GAL Token From Galxe Project In The Past 2 Years
Over the past two years, this address has received a total of 1.86 million $GAL tokens from the Galxe project, amounting to $8.46 million. Currently, almost all these tokens have been moved to the exchange.
六小时前，地址 0x195…92A10 将 2022.05 – 2023.08 期间从 Galxe 项目方多签地址处收到的 127 万枚 $GAL 充值进 #Bybit，价值 385 万美金
过去两年该地址已累计从 Galxe 项目方处收到 186 万枚代币，总价值 846 万美金，目前几乎所有代币都已充值进交易所
钱包地址 https://t.co/Q6icxhBctj pic.twitter.com/VW4rxhDAGx
— Ai 姨 (@ai_9684xtpa) July 30, 2024
This significant deposit comes at a time when Galxe is about to unlock a new tranche of tokens, which could impact the market dynamics of $GAL. The large influx of tokens to Bybit suggests potential trading activity that could influence $GAL’s price and liquidity.
As the unlock date approaches, the market will be closely watching how these newly unlocked tokens affect Galxe’s overall supply and demand. The substantial transfer by a major holder underscores the potential for increased volatility in the coming days.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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