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Attention, There Are Massive Unlocks This Week: Exactly $110 Million In One Coin!
This week, a total of millions of dollars worth of locked tokens will be opened in 8 altcoins.
Between August 21-27, 8 altcoin projects, including popular projects such as Avalanche and Lido DAO, will unlock a total of over $365 million in locked tokens.
In general, more than 1% of the circulating supply of tokens is released in unlocking, which has a distinctly negative impact on the price. In this direction, the high rates to be opened in the next week for Space ID, Lido DAO and Avalanche and Yielg Guild Games are of great importance.
Avalanche (AVAX), Yield Guild Games (YGG) ve Lido DAO'ya (LDO) dikkat!
In particular, it was stated that the unlocking of 6.60% of the circulating asset waiting for Yield Guild Games could create an intense selling pressure on the altcoin. In addition, it was emphasized that the opening in Avalanche with a value of over 110 million dollars should also be taken into consideration. During this expansion, it was stated that 2.25 million tokens will be allocated to strategic partners, 1.67 million tokens will be allocated to foundations, 4.5 million tokens will be allocated to the team and 1.13 million tokens will be allocated to airdrops. On the other hand, Lido Dao was among the expansions to be considered with the opening of 8.50 million tokens with a value of 14.20 million dollars to be made to investors.
Here is the list of assets that will be released:
Space ID (ID): 18.49 million assets worth $3.75 million will be unlocked as of August 22 at 03:00 CEST. 0.9% of the total supply and 6.46% of the circulating supply will be released.
Sweatcoin (SWEAT): 2.59 million assets worth $17.46k will be unlocked as of August 22 at 03:00 CEST. 0.02% of the circulating supply will be freed. Around $600,000 worth of tokens will also be regularly unlocked during the week at SWEAT.
Pendle (PENDL): 59 thousand assets worth 31 thousand dollars will be unlocked as of August 23, 03:00 CEST. 0.02% of the circulating supply will be freed. On Pendle, approximately $191k worth of tokens will also be regularly unlocked throughout the week.
1Inch (1INCH): 274,000 assets worth $68k will be unlocked as of August 24 at 03:00 CEST. 0.01% of the total supply, 0.03% of the circulating supply will be freed.
Aca (ACA): 4.66 million assets worth 223 thousand dollars will be unlocked as of August 25, 03:00 CET. 0.29% of the total supply and 0.97% of the circulating supply will be released.
Lido Dao (LDO): 8.5 million assets worth $14.28 million will be unlocked as of August 25 at 21:51 CEST. 0.85% of the total supply and 4.23% of the circulating supply will be freed.
During the week, approximately $14.31 million worth of tokens will also be regularly unlocked at Lida DAO.
Avalanche (AVAX): 9.55 million assets worth $102.7 million will be unlocked as of 03:00 CEST on August 26. 1.31% of the total supply and 2.77% of the circulating supply will be released. Around $110.3 million worth of tokens will also be regularly unlocked on Avalanche throughout the week.
Yield Guild Games (YGG): 12.22 million assets worth $2.87 million will be unlocked as of August 27, 17:00 CET. 1.22% of the total supply, 6.60% of the circulating supply will be released.
Even if there is sales pressure in key openings, it is not always the case. Especially in projects with low unlocking rates, rises can be seen.
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