Schedule of Unlock Token This Week, Wormhole Unlocks 600 Million W!

Bittime - This week, several crypto projects will unlock large amounts of tokens. What crypto projects? Read this article to find out!

Unlock Token This Week

1. Echelon (PRIME)

Echelon will unlock 750,000 PRIME tokens on July 31, which is estimated to be worth around $5.59 million. These unlock tokens account for approximately 1.75% of the total circulating supply.

2. Optimism (OP)

Optimism is scheduled to open at 31.34 million OPs on July 31, with an estimated value of around $54.85 million. This would represent approximately 2.79% of the total circulating supply.

3. dYdX (DYDX)

dYdX will unlock 8.33 million DYDX tokens on August 1, with a value of approximately $10.83 million. These tokens account for approximately 3.65% of the total circulating supply.

4. Sui (SUI)

Sui will unlock 64.19 million SUI tokens on August 1, which is worth approximately $50.48 million. This will account for approximately 2.56% of the total circulating supply.

5. Zetachain (ZETA)

Zetachain is scheduled to open as much as 53.89 million ZETA on August 1, with a value of approximately $34.58 million. These tokens constitute 18.92% of the total circulating supply.

6. Galxe (GAL)

Galxe will unlock 4.17 million GAL tokens on August 2, which is worth approximately $13.1 million. This accounts for approximately 3.52% of the total circulating supply.

7. Wormhole (W)

Wormhole is scheduled to open at W600 million on August 3, with a value of around $180 million. This token will represent approximately 33.33% of the total circulating supply, making it the largest token unlock this week.

8. Athena (THIS)

Athena will unlock 14.89 million ENA tokens on August 4, with a value of approximately $7.01 million. This accounts for approximately 0.87% of the total circulating supply.

Impact of Unlock Token

Unlocking large amounts of tokens is a watershed moment for the crypto market because of its potential influence on price and liquidity of the token in question.

Unlocking tokens can cause significant price fluctuations. When a large number of tokens suddenly become available on the market, this can cause a price drop if supply exceeds demand. Conversely, if the market can absorb this additional supply, prices may remain stable or even increase.

Apart from that, with more tokens available for trading, market liquidity can increase. This can simplify transactions and reduce the spread between buy and sell prices.

Keep Monitoring the Market Movements!

The unlocking of tokens from various projects such as W, SUI, OP, and other projects this week is an important event that investors and crypto market players should pay attention to. 

The impact of this unlock may vary depending on how the market absorbs the additional supply and how token holders respond to this unlock.

By monitoring market movements and understanding the dynamics behind token unlocking, you can make more informed and strategic decisions. Stay alert and stay up to date with the latest developments to maximize opportunities in the crypto market.

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.