$82M Token Unlocks Hit Crypto Market This Week
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- IMX leads the token unlock tally by releasing 2.06% of its supply, worth $46.11M, from community and foundation reserves.
- TAIKO will unlock 19.02% of its supply ($20.28M), while MODE’s 38.46% release ($6.39M) could spark volatility.
- ENA, GAL, HFT, and DYDX together add up to millions in new tokens, influencing liquidity and market dynamics.
The cryptocurrency market is bracing for major token unlocks this week, totaling $82.46 million. These upcoming releases could significantly impact both supply and investor sentiment.
— Token Unlocks (@Token_Unlocks) August 30, 2024
Weekly Cliff Unlocks : 2-8 September 24
$ 82.46m
Unlock Highlights
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( % of cir. supply) pic.twitter.com/I7pCDce0wp
This week’s biggest unlock is IMX (Immutable X), releasing 2.06% of its circulating supply, valued at $46.11 million. This release is part of the project’s ongoing distribution strategy, coming from community and foundation reserves.
Next is the TAIKO token, poised to release a hefty 19.02% of its circulating supply, w…
The post $82M Token Unlocks Hit Crypto Market This Week appeared first on Coin Edition.
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$82M Token Unlocks Hit Crypto Market This Week
Share:
- IMX leads the token unlock tally by releasing 2.06% of its supply, worth $46.11M, from community and foundation reserves.
- TAIKO will unlock 19.02% of its supply ($20.28M), while MODE’s 38.46% release ($6.39M) could spark volatility.
- ENA, GAL, HFT, and DYDX together add up to millions in new tokens, influencing liquidity and market dynamics.
The cryptocurrency market is bracing for major token unlocks this week, totaling $82.46 million. These upcoming releases could significantly impact both supply and investor sentiment.
— Token Unlocks (@Token_Unlocks) August 30, 2024
.
.
( % of cir. supply) pic.twitter.com/I7pCDce0wp
This week’s biggest unlock is IMX (Immutable X), releasing 2.06% of its circulating supply, valued at $46.11 million. This release is part of the project’s ongoing distribution strategy, coming from community and foundation reserves.
Next is the TAIKO token, poised to release a hefty 19.02% of its circulating supply, w…
The post $82M Token Unlocks Hit Crypto Market This Week appeared first on Coin Edition.
Read More
Crypto Exchanges’ Stock Plunges 60% as Trading Volumes Vanish – Is the Crash Over or Just Beginning?