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Which Altcoins Have a Locked Token Opening This Week: Here's What To Consider
This week, a total of $ 28 million worth of locked tokens will be opened in 9 altcoins.
Between 17-23 July, 9 projects, including a popular project like Axie Infinity (AXS), will open a total of over $28 million in locked tokens.
The unlock event, which differs in percentage for each project, has the potential to create sales pressure in general. In locked token openings, openings that generally represent more than 1% of the circulating supply of the relevant token reflect a markedly negative effect on the price.
In this direction, the high rates to be opened in the next week for X2Y2, Euler Finance, Space ID and Axie Infinity are of great importance.
The projects that will be unlocked and the amounts of locked tokens are as follows:
Sweatcoin (SWEAT): 2.82 million locked tokens worth 17.5 thousand dollars will be opened on July 18 at 03:00 CET. 0.04% of the circulating supply will be freed.
X2Y2 (X2Y2): 37.5 million locked tokens worth 964 thousand dollars will be unlocked as of July 18, 18:47 CET. 3.75% of the total supply, 12.73% of the circulating supply will be released.
Pendle (PENDLE): 63 thousand locked tokens worth 55.32 thousand dollars will be opened on 19 July at 03:00 CET. 0.06% of the circulating supply will be freed.
Euler Finance (EUL): 154 thousand locked tokens worth 362 thousand dollars will be opened as of July 19, 17.22 CET. 0.56% of the total supply, 0.84% of the circulating supply will be freed.
1inch (1INCH): 364 thousand locked tokens worth 193 thousand dollars will be opened as of July 20, 15.00 CET. 0.02% of the total supply, 0.03% of the circulating supply will be released.
Gala (GALA): 8.26 million locked tokens worth 110 thousand dollars will be opened as of July 21, 15.00 CET. 0.01% of the total supply, 0.01% of the circulating supply will be freed.
Space ID (ID): 15.16 million locked tokens worth $4.08 million will be unlocked on July 22 at 03:00 CET. 0.758 percent of the total supply and 5.31% of the circulating supply will be released.
Axie Infinity (AXS): 3.43 million locked tokens worth 21.89 million dollars will be opened on July 22, 16:10 CET. 1.27% of the total supply and 2.96% of the circulating supply will be released.
Cartesi (CTSI): 1.54 million locked tokens worth 240 thousand dollars will be opened as of July 23, 0-7:00 CET. 0.154% of the total supply, 0.20% of the circulating supply will be freed.
On the other hand, although the general opinion is that there will be sales pressure, this is not always the case. Especially in projects with low token amount to be unlocked, rises can be seen.
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