The Space ID ($ID) token experienced a significant price drop of 20% within the last 24 hours, signaling turbulence in the market ahead of a substantial unlock event scheduled for March 22. This unlock involves the release of 78.5 million $ID tokens, equivalent to 18.2% of the circulating supply, with […]
Tag: Token Unlock
Top Cryptocurrency Token Unlocks Expected In February To Monitor
Token unlocks are often viewed as significant events that can impact market dynamics. The release of unlocked tokens introduces additional selling pressure on trading platforms, influencing price movements and investor sentiments. According to insights from Wublockchain, the upcoming month of February is poised to witness several notable token unlocks across […]
Leading Token $ID, $SUI, $APT, and $OP Unveil Significant Unlocking in January 2024
As January unfolds, the cryptocurrency market braces for a flurry of token unlocks, marking a busy start to the year. Token Unlock, a reputable tracker of locked tokens, has disclosed details about upcoming token releases set for the initial week of January 2024. Token unlocks represent the liberation of tokens […]
DYDX Faces Market Headwinds Amidst Token Unlock Event and Whale Movements
The past week has witnessed a downward trend for DYDX, with a decline exceeding 10%, and recent whale activity has contributed to this negative sentiment, especially following the token unlock event today. A substantial amount of 150 million $DYDX ($505.5 million), constituting 81.63% of the circulating supply, was unlocked just […]
What Is Token Unlocking And How It Can Impact Price?
Token unlocking is the release of a certain amount of tokens that were previously locked or restricted from circulation in the cryptocurrency market. These tokens are usually held by project developers or early investors. Token unlocking can significantly impact market liquidity, trading volume, and overall market dynamics and price volatility. […]