As a seasoned crypto investor with battle-tested nerves and a knack for spotting trends before they become mainstream, I find myself bracing for the impending storm of token unlocks in August. With over half a billion dollars worth of tokens set to flood the market, it’s a crucial time for discerning investors like me to tread carefully.
As a seasoned crypto investor with over a decade of experience in the market, I have learned to anticipate and navigate through unexpected events like token unlocks. In my career, I have witnessed numerous instances where such occurrences have significantly impacted the prices of various altcoins. The recent announcement by TokenUnlocks App that more than half a billion dollars’ worth of crypto will be released this month has once again raised red flags for me.
10 Altcoins To Face Token Unlocks In August
Unlocking tokens refers to a process where previously restricted tokens are released into circulation, affecting the market’s supply balance. A significant boost in supply often triggers pessimistic market feelings, encouraging investors to exercise caution and avoid certain altcoins. According to the TokenUnlocks App, these are ten tokens anticipated to experience substantial token unlock events in August.
Immutable (IMX)
On August 9, there will be a release of 32.47 IMX coins, valued at approximately $48.39 million, from the Immutable coin. This represents about 2.11% of the current circulating supply of the coin.
Currently, the IMX price stands at $1.36, representing a decrease of 4.90% in the last 24 hours. The lowest and highest points during this period were $1.35 and $1.46 respectively.
XAI
As an analyst, I’m preparing for a significant event: The unlocking of approximately 35.88 million XAI tokens, valued at around $11.39 million, scheduled for August 9th. This release represents about 6.91% of the current circulating supply.
As an analyst, I observed that XAI’s price dipped by 3.15%, trading at $0.2938 today. The stock experienced a range of $0.286 (low) to $0.3093 (high) within the past 24 hours.
Aptos (APT)
On August 12, the cryptocurrency Aptos (APT) prepares to release a total of 11.31 million APT units. The value of this release is approximately $75.21 million and represents around 2.41% of the current circulating supply.
Today, the APT price settled at $6.35, marking a 3.03% decrease compared to yesterday. Its lowest and highest points over the last 24 hours were recorded at $6.25 and $6.68 respectively.
The Sandbox (SAND)
In a similar vein, the SAND cryptocurrency prepares for the release of approximately $66.95 million in tokens, which equates to a staggering 205.59 million SAND coins. This release amounts to about 9% of the current circulating supply of this altcoin.
Today, the SAND token was priced at $0.3074, reflecting a 5.09% drop compared to its previous value. Its lowest and highest points in the last 24 hours were $0.3029 and $0.3282 respectively.
Starknet (STRK)
On August 15th, there will be an unleashing of 64 million Starknet coins, valued at approximately $31.98 million. This represents around 4.38% of the current circulating Starknet token supply.
STRK’s latest trade was at $0.4709, marking a 3.78% decrease in its value over the past 24 hours. Its lowest point during this period was $0.4582, while it peaked at $0.4997.
Arbitrum (ARB)
On August 16, Arbitrum is prepared for the release of approximately 92.65 million ARB tokens, which represents around 2.77% of its current circulation. This release equates to a value of roughly $63.26 million within the altcoin market.
As an analyst, I observed that the ARB token was trading at $0.644 today, marking a 4.87% decline in its value compared to yesterday. Throughout the last 24 hours, it reached lows of $0.6383 and peaked at $0.6863.
ApeCoin (APE)
As a crypto investor, I’m keeping an eye on the upcoming release of 15.6 million ApeCoins, valued at approximately $12.23 million, scheduled for August 17. This unlock represents around 2.31% of the current circulating supply, which could potentially impact the market dynamics.
As an analyst, I observed that the price of APE settled at $0.728 yesterday, representing a decrease of approximately 5.78%. Throughout the day, the price ranged from a low of $0.7252 to a high of $0.7853.
Oasis Network (ROSE)
On August 18th, there will be a release of approximately 151 million ROSE tokens from the Oasis Network, equivalent to around $12.57 million. This amounts to about 2.24% of the current circulating supply.
ROSE’s value decreased by 3.75% today, settling at $0.0783. The lowest it reached in the past 24 hours was $0.078, while the highest was $0.08344.
Pixel (PIXEL)
On August 19, a release of approximately 54.37 million coins (worth around $10.17 million) will be made available within the pixel system. This release amounts to about 7.05% of the total coins currently in circulation.
Today, the PIXEL token was priced at $0.178, marking a 2.54% decrease in value. Over the past 24 hours, its lowest point was $0.1704, while it peaked at $0.1876.
Avalanche (AVAX)
On August 20th, a large amount of AVAX tokens, approximately 9.54 million and valued at around $254.96 million, is set to be released from an avalanche (unfreezing). This represents about 2.42% of the total circulating AVAX supply.
As a crypto investor, I observed that the price of AVAX dipped by approximately 3.53%, closing at $25.25 today. The day’s range saw it touch lows of $24.97 and highs of $26.82.
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2024-08-01 15:30