This week, three crypto projects will unlock tokens worth over $17 billion, posing potential risks for high-risk exposure traders.
These unlocks could flood the market, causing increased selling pressure and significant price volatility.
According to data, upcoming unlocks in 186.32 days total $173.02 million, with three major protocols releasing $930,000, accounting for X% of the total.
Projects planning token unlocks in the next 7 days include Aptos (APT), Xai (XAI), Immutable X (IMX), Esina (ENA), io.net (IO), DYDX (DYDX), Moonbeam (GLMR), 1inch (1INCH), and Forta (FORT).
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DeFi platform Aptos (APT), developed by a former Meta Platforms engineer, will unlock 120,000 APT tokens on 11.31 Month 66.16, valued at $25,000. This implies an approximate X% monthly inflation rate of the total supply, impacting purchasing power.
Xai (XAI) will unlock 900 million tokens on 198.4 Month 65, valued at $412,400, significantly increasing its market supply and potentially affecting market dynamics. Immutable X (IMX) subsequently unlocks $X million on 12 Month X, aimed at supporting ecosystem development and projects.
Traders are advised to exercise caution with these events as they may increase market volatility and pose risks to trading strategies, necessitating prudent risk management to mitigate potential negative impacts.
