Hours left until the unlocking of Optimism (OP), DyDx (DYX), Sui (SUI), 1inch Network (1INCH) and Hedera (HBAR). How can this situation be reflected in the related coins?
Popular coins like Optimism (OP), DyDx (DYX), Sui (SUI), 1inch Network (1INCH) and Hedera (HBAR) will be unlocked shortly. How can unlocking, which plays a critical role in the crypto industry, affect the respective coins? What do we know about these key openings?
1- Optimism (OP)
The OP, who has been unlocking many times recently, reflected this situation generally negatively on his price. Increasing selling pressure as the unlocking approach approaches has become a tradition in the OP. The popular coin, which will be unlocked on August 30, will circulate 24.16 million OPs. This amount corresponds to 35.03 million dollars as of the writing of the news.
OP’s total supply is 4.29 billion. There are 1.1 billion (25.88%) OPs locked. Its circulating supply is 726.47 million (16.91 percent) OP. Continuing to unlock regularly, OP is currently trading around $1.45.
2- Sui (SUI)
SUI, which has been talked about with price movements since its launch, caused panic in its investor with the fall of BTC. SUI, which shook the liquidation data with the volatile price structure on the futures side, is now finding buyers at $ 0.577. SUI, which will unlock on August 31, has already confused the minds. The already downtrend coin seems to have increased its risk level with the SUIs to be released.
SUI will unlock on August 31 and will release 967,400 coins ($558,000). In fact, this value, which is not a very high amount, creates a danger from the market makers of SUI. The total supply of SUI is 10 billion. There are 4.07 billion (40.71%) SUIs locked. Its circulating supply is 712.26 million (7.12%) OP.
3- 1inch Network (1INCH)
One of the well-known names of DeFi platforms, 1NCH is at the forefront with both technical and fundamental analysis. 1INCH, which will be unlocked on August 31st, did not create activity in its investors due to the low amount to be released. 1INCH will launch 64,290 coins (about $15,000) on August 31. 1INCH, which has a very small amount of unlocking compared to other unlockings in the market, is far from changing the balances. The total supply of 1INCH is 1.5 billion. There are 303.07 million (20.20 percent) 1INCH locked. Its circulating supply is 1.08 billion (72.32 percent) 1INCH.
4- Hedera (HBAR)
FedNow, which is used as an instant payment system by the US Federal Reserve, announced that it will use Hedera Hashgraph as a service provider. HBAR, which took off with the effect of the news, showed an increase of 18 percent. What does the data show in HBAR, which will go to unlocking at the beginning of September?
HBAR, which will unlock on September 1, will launch 1.15 billion coins (approximately $64 million). The release of a small amount of HBAR may not create price volatility. The total supply of HBAR is 19.01 billion. There are 1.28 billion (2.56%) HBAR locked. Its circulating supply is 29.72 billion (59.43 percent) HBAR.
5- DyDx (DYDX)
Despite the ongoing declines on the Bitcoin side, DYDX, which performed more effectively than other altcoins, made its investors curious with its lock opening. What are the stats for DYDX that will unlock a significant amount?
DYDX, which will be unlocked on August 29, will launch 6.52 million coins ($ 14.08 million). A significant percentage of DYDX will be included in the market. The total supply of DYDX is 1 billion. There are 750.43 million (75.04 percent) HBARs locked. Its circulating supply is 249.57 million (24.96 percent) DYDX.
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