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Major Upcoming Token Unlocks to Watch
The post Major Upcoming Token Unlocks to Watch appeared on BitcoinEthereumNews.com. The cryptocurrency market is gearing up for a series of major token unlocks over the coming days, which could significantly influence price movements and trading activity. These events, involving prominent projects like Hatom ($HTM), Immutable ($IMX), and Ethena ($ENA), are scheduled between January 20 and January 26, 2025. The unlocks represent opportunities for investors while posing potential volatility risks. According to the Phoenix Group,On January 20, Hatom and Odos will kick off the unlock series. Hatom is set to release 5.02 million $HTM tokens, representing 5.02% of its total supply, valued at $4.32 million. Odos will unlock 66.68 million $ODOS tokens, equivalent to 0.67% of its supply, with a market value of $1.71 million. The action intensifies on January 22 when Space ID and Ethena execute their token unlocks. Space ID plans to release 18.49 million $ID tokens, or 0.93% of its supply, valued at $7.64 million. Ethena’s unlock, amounting to 12.86 million $ENA tokens (0.42% of its supply), will release tokens worth $11.77 million into the market. January 24 will see Immutable unlock 24.52 million $IMX tokens, making up 1.43% of its total supply, valued at $30.16 million. Moca Network will follow with an unlock of 2.43 million $MOCA tokens, equivalent to $456,910. On January 25, AltLayer and Radworks will execute significant unlocks. AltLayer plans to release 240.80 million $ALT tokens, representing 2.41% of its supply, valued at $22.37 million. Radworks will unlock 1.56 million $RAD tokens, worth $1.07 million. Finally, on January 26, Sovrun will release 36.71 million $SOVRN tokens, representing 4.09% of its supply and valued at $22.40 million, rounding out a week of impactful market events. Crypto Market Implications and Key Risks Ahead Token unlocks are pivotal events in the cryptocurrency market as they introduce previously locked tokens into circulation. These events often affect the token’s…
The post Major Upcoming Token Unlocks to Watch appeared on BitcoinEthereumNews.com.
The cryptocurrency market is gearing up for a series of major token unlocks over the coming days, which could significantly influence price movements and trading activity. These events, involving prominent projects like Hatom ($HTM), Immutable ($IMX), and Ethena ($ENA), are scheduled between January 20 and January 26, 2025. The unlocks represent opportunities for investors while posing potential volatility risks. According to the Phoenix Group,On January 20, Hatom and Odos will kick off the unlock series. Hatom is set to release 5.02 million $HTM tokens, representing 5.02% of its total supply, valued at $4.32 million. Odos will unlock 66.68 million $ODOS tokens, equivalent to 0.67% of its supply, with a market value of $1.71 million. The action intensifies on January 22 when Space ID and Ethena execute their token unlocks. Space ID plans to release 18.49 million $ID tokens, or 0.93% of its supply, valued at $7.64 million. Ethena’s unlock, amounting to 12.86 million $ENA tokens (0.42% of its supply), will release tokens worth $11.77 million into the market. January 24 will see Immutable unlock 24.52 million $IMX tokens, making up 1.43% of its total supply, valued at $30.16 million. Moca Network will follow with an unlock of 2.43 million $MOCA tokens, equivalent to $456,910. On January 25, AltLayer and Radworks will execute significant unlocks. AltLayer plans to release 240.80 million $ALT tokens, representing 2.41% of its supply, valued at $22.37 million. Radworks will unlock 1.56 million $RAD tokens, worth $1.07 million. Finally, on January 26, Sovrun will release 36.71 million $SOVRN tokens, representing 4.09% of its supply and valued at $22.40 million, rounding out a week of impactful market events. Crypto Market Implications and Key Risks Ahead Token unlocks are pivotal events in the cryptocurrency market as they introduce previously locked tokens into circulation. These events often affect the token’s…
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