Total throw pressure exceeds 1 billion pounds! This week, these 4 coins will be unlocked in large amounts, be careful for those who bought them

Why must token unlocking be followed?

Are you unfamiliar with the term ‘unlocking’ in the encryption market? If you are an investor intending to delve into the market, unlocking is an event that you must closely follow as it may have an impact on Token prices.

What is Token unlocking? When the native Token of each project is issued, it is usually distributed to developers, early investors, etc. in proportion. This is the distribution model of Token. In order to avoid the huge dumping pressure on Token at the start of the project, many projects will set a ‘lock-up period’, during which the Tokens held by relevant personnel are locked for a period of time, making them unable to be traded immediately. Subsequently, at a specific time, some of these Tokens will be unlocked, allowing holders to trade freely.

This is a price protection mechanism for the project, but for investors, a large amount of Token unlocking may put pressure on the currency price. For example, at the end of last year (2023), $DYDX unlocked Tokens worth about $485 million, which immediately caused its price to big dump by nearly 5% in a single day, and the decline continued for several days. However, there are also cases where the price did not fall as expected after the unlocking, but instead rose. Therefore, investors need to conduct their own research to determine whether it will rise or fall.

After understanding the possible impact of unlocking, it is inevitable to introduce a useful tool - ‘Token Unlocks’. This is a practical data provider website where you can see the schedule of various Tokens about to be unlocked, as well as the Circulating Supply and unlock volume.

So let’s take a look at which Tokens are about to be unlocked this week!

Celestia ($TIA)

Total Market Cap: 1.138 billion US dollars

Unlock time: October 30th, 10:00 PM

Unlock token amount: 175 million, worth approximately $900 million, accounting for 79.68% of circulating supply.

Sui（$SUI）

Total Market Cap: $47.46 billion

Unlock time: November 1st, 8:00 AM

Token unlock amount: 64.19 million, worth about 112 million US dollars, accounting for 2.32% of the circulating supply

Optimism（$OP）

Total Market Cap: 19.75 billion US dollars

Unlock Time: 8:00 a.m. on October 31

Unlocked token amount: 31.34 million, worth about $50.15 million, accounting for 2.5% of circulating supply.

Immutable（$IMX）

Total Market Cap: 21.52 billion dollars

Unlock time: November 1st, 8:00 AM

Unlocked token amount: 32.47 million, worth approximately $43.52 million, accounting for 1.98% of the circulating supply.

[Disclaimer] The market is risky and investment should be cautious. This article does not constitute investment advice. Users should consider whether any opinions, views, or conclusions in this article are applicable to their specific circumstances. Investing at their own risk.