According to Wu Blockchain, based on data from Token Unlocks, there are significant developments between January 16 and January 27. There are six altcoin unlocks scheduled to occur during this process. The total amount is equal to $169 million. Here are the details…
Important month has arrived for these six altcoins
In the first month of 2023, many major cryptocurrencies will be “unlocked”. It will launch new tokens throughout January, specifically in six altcoins. The six tokens in question are Moonbeam (GLMR), Aptos (APT), BitDAO (BIT), ApeCoin (APE), Axie Infinity (AXS), and Ronin (RON). The first unlock will take place on January 11 with GLMR. The project will unlock 46,182,879.41 tokens. This accounts for 4,618 percent of the total token supply. The dollar equivalent of this unlocking will be approximately $15 million.
In the second unlock, 4.543,478.03 APT tokens will be released, which is equivalent to approximately $16 million. The unlock event is scheduled to occur on January 12. The amount in question represents 0.454 percent of the total APT supply. The biggest unlock is scheduled for January 15, when 1.82 percent of the total BIT supply will be unlocked and 187,500,000.02 tokens worth about $67 million will be released.
On January 17, $28 million worth of APE tokens will be unlocked. The exact number is 7,343,750, which is equal to 0.734 percent of the total supply. The second biggest unlock will come from AXS on January 23, when the project will issue 4,893,759 tokens worth $31 million. The amount accounts for 1,812 percent of the total token supply. Finally, on January 27, 41,932,626 RON tokens will be unlocked, which equates to the smallest amount of $12 million. The tokens represent 4,293 percent of the total RON supply.
How are the tokens performing?
According to the data, the BIT token was among the top coins on a weekly basis. The token is up 34.1 percent in the past seven days. It has gained 3.8 percent in the last 24 hours. As we have also reported as Kriptokoin.com, a buyback plan for BIT has attracted attention. Because the community shared its concern that the introduction of a large amount of tokens would lower the price. The aforementioned buyback plan, as a result, raised the price of the BIT token last week.
APT and APE also rose 2.99 percent and 7.7 percent, respectively, in the last seven days. In the last 24 hours, they rose 6.97 percent and 6.05 percent, respectively. But AXS is negative on a seven-day basis. Although the token has increased by 2 percent in the last 24 hours, it has dropped 6 percent in the previous seven days.
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