As the cryptocurrency market continues to evolve, a number of altcoin unlock events will occur in the coming days, bringing with it a wave of anticipation and potential impact on market dynamics. Here’s a comprehensive overview of upcoming unlock events…
Today, many altcoin projects will be unlocked
In this context, a number of tokens are planned to be unlocked as of November 27, 2023. XCAD Network (XCAD) will unlock $3.95 million worth of tokens, accounting for 8.81% of the market cap, at 03:00 EST. Shortly thereafter, at 08:00 EST, 1inch (1INCH) will launch $26.22 million worth of tokens, representing 7.12% of the market cap. The day will continue with Flow (FLOW) launching at 09:00 for $8.92 million (0.90% of market cap). Likewise, Axelar (AXL) is issuing tokens worth $18.95 million (5.13% of the market cap) at 09:00. ApeX (APEX) took the stage at 16:00 and announced tokens worth $ 3.20 million, which is 23.31% of the market value. Completing the day, Yield Guild Games (YGG) is issuing tokens worth $3.49 million (3.26% of the market value) at 18:00.
As the week progresses, multiple unlocks are planned for November 28-30, 2023. Among the notable ones: On November 28 at 03:00, Fetch.ai (FET) will issue tokens worth $1.76 million (0.41% of market cap). The tokens released by Radworks (RAD), dYdX (DYDX), Open Campus (EDU), ECOX (ECOX) and Nym (NYM) at 18:00 on the same day collectively represent a significant portion of their market capitalization.
The beginning of December is quite busy
On November 29, 2023 at 18:00, WOO Network (WOO) will unlock tokens worth $3.57 million (0.91% of market cap). Altcoin unlocking winds will continue on November 30, 2023 at 03:00 with the launch of Optimism (OP), Illuvium (ILV), Celo (CELO), Echelon Prime (PRIME) and API3 (API3). The culmination of token releases will occur on December 1-2, 2023. Various projects such as Gamium (GMM), Hedera (HBAR), SKALE (SKL), Vulcan Forged (PYR), Aurory (AURY), StakeWise (SWISE), Solend (SLND), Santos FC Fan Token (SANTOS), Ondo Finance ( ONDO), Immutable (IMX), Hooked Protocol (HOOK), Orbler (ORBR), and Biconomy (BICO) are preparing to unlock tokens, each with a unique impact on the market. They all have a minimum unlock value of $1 million.
The cryptocurrency community is on high alert as these altcoin unlock events emerge. Investors and enthusiasts are eagerly watching how these unlocks will affect market dynamics with the potential for price fluctuations and changes in general sentiment. As the week progresses, stay tuned for updates on how the market reacts to these major events in the crypto space.
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