The cryptocurrency market went into rest mode after a run, with leading crypto Bitcoin falling from over $30,000 to below $28,000, while most altcoins saw double-digit losses on the weekly timeframe. However, the crypto world continues to spin, and projects including Mask Network have a pretty busy schedule of unlock events in the new week.
We start the new week with RBN and MASK token un-lock
We will start the new week with the unlock event of Ribbon Finance (RBN) and Mask Network (MASK). The ribbon will unlock tokens worth $3.60 million, or about 3.15% of the market cap. Mask Network, on the other hand, will bring approximately $2.97 million tokens to the market, 0.86% of the market value.
On the second day of the week, 4.84% of the market capitalization, that is, Acala Network (ACA of $ 2.67 million), a high amount of 14.77% of the market value of H2O Dao (H2O) with a value of 4 million dollars, and again 23.41% of the market capitalization is quite high and we will witness the un-lock event of the Pintu Token (PTU) worth $1.91 million.
Wednesday will be a very busy token unlock event, with GateToken (GT) worth $34.73 million, Euler (EUL) $1.70 million, Dogechain (DC $5.17 million), BreederDAO (BREED) $2.24 million, and 3 The $.34 million Gitcoin (GTC) token will meet the market. Attention is needed for BREED here, because much more than the amount of tokens in the market (150.52% of the market value) will be dumped into the market. It is worth paying attention to, as this is likely to create serious fluctuations in the price of the token.
The second half will also be busy for unlocking
Ronin Network (RON) will continue its un-lock event, unlocking $24.56 million worth of tokens, which corresponds to 10.70% of the market capitalization, on Thursday. It will be followed by the $1.79 million Ludena Protocol (LDN), $12.08 million Flow (FLOW), $12.56 million Axelar (AXL) and $2.80 million ApeX (APEX) unlock event. On Thursday, ApeX will be watched carefully as it will release the token equivalent to 27.87% of the market capitalization.
On the last business day of the week, Yield Guild Games (YGG) for $3.22 million, Radicle (RAD) for $2.74 million, Axie Infinity (AXS) for $21.57 million, 2.33% of market capitalization, 3, The $17 million GensoKishi Metaverse (MV), $1.01 million Chromia (CHR), $1.09 million Inery (INR) and $1.15 million Fetch.ai (FET) un-lock event are planned. Popular metaverse coin Axie Infinity and recently popular artificial intelligence coin Fetch.ai will attract attention. However, Fetch.ai is not expected to have as much market impact as AXS as the unlock amount is around 0.3%.
On Saturday alone, WOO Network (WOO) had $4.53 million in token unlock events, which is low (about 1%) by market cap. On Sunday, the Celo (CELO) and Illuvium (ILV) un-lock event will close the week. Celo will release $1.37 million in tokens, while Illuvium will release $2.53 million in tokens. A relatively low amount of tokens, such as 0.45% and 0.95%, will be released into the market according to market values.
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