Unlock Token This Week: Over $125 Million in Tokens to be Unlocked!

Bittime - This week will be an important moment because several big projects, such as SUI, IO, MAV, DYDX will experience unlocking large amounts of tokens that can be obtained to influence trading value and volume. So, what are the details of this week's token unlock? Read this article to find out!

Details of Unlock Token This Week

These are details of several crypto projects that will unlock tokens this week.

Sui (SUI)

On July 1 at 07.00 WIB, Sui (SUI) will open around 64.19 million tokens. This represents about 2.65% of the total current circulation, with a value of about $50.7 million. This token unlock is expected to have a significant impact on SUI's liquidity and market value.

io.net (IO)

The io.net (IO) project will unlock around 7.5 million tokens on July 1 at 20.00 WIB. This represents approximately 7.89% of total circulation, with a value of approximately $24 million. Unlocking these tokens could provide a sizable liquidity boost to the IO market.

dYdX (DYDX)

dYdX (DYDX) will also experience a large token unlock on July 1 at 07.00 WIB, with a total of around 8.33 million tokens. This accounts for approximately 3.12% of total circulation, with a value of approximately $11.3 million. This opening will be closely watched by DYDX investors and traders.

Maverick Protocol (MAV)

At the same time, Maverick Protocol (MAV) will unlock approximately 36.4 million tokens. This constitutes approximately 14.56% of total circulation, with a value of approximately $9.6 million. Unlocking this token is expected to significantly increase MAV's trading volume and liquidity.

Ethena (ENA)

Ethena (ENA) will open around 14.89 million tokens on July 7 at 14.00 WIB. This accounts for approximately 0.92% of total circulation, with a value of approximately $7.6 million. Unlocking this token will provide additional liquidity for the ENA market.

Galxe (GAL)

Galxe (GAL) will open around 3 million tokens on July 5 at 07.00 WIB. This constitutes approximately 2.60% of total circulation, with a value of approximately $6.6 million. It is hoped that this token can be unlocked to influence the value and liquidity of GAL in the market.

ZetaChain (ZETA)

On July 1 at 07.00 WIB, ZetaChain (ZETA) will unlock approximately 5.29 million tokens. This accounts for approximately 1.92% of total circulation, with a value of approximately $4.2 million. Unlocking this token will be an important concern for ZETA investors.

Hashflow (HFT)

Hashflow (HFT) will unlock around 13.62 million tokens on July 7 at 07.00 WIB. This constitutes approximately 3.28% of total circulation, with a value of approximately $2.8 million. Unlocking this token is expected to have an impact on HFT trading volume and liquidity.

Acala (ACA)

On July 1 at 14.00 WIB, Acala (ACA) will unlock around 27.43 million tokens. This accounts for approximately 2.69% of total circulation, with a value of approximately $1.85 million. Unlocking this token will provide additional liquidity for the ACA market.

Impact of Unlock Token on the Crypto Market

Unlocking large amounts of tokens like these usually have some important implications for the crypto market. One of the main effects is increased liquidity, which can simplify the process of buying and selling tokens on the market.

However, unlocking a token can also impact the price of that token, depending on how the market reacts to the increase in supply. In some cases, unlocking tokens may cause a temporary price drop, especially if investors sell their tokens to realize profits. However, in the long term, increased liquidity can attract more investors and increase market stability.

Additionally, unlocking tokens is also often used as a mechanism to prevent massive selling by early investors and project team members. By locking up tokens for a certain period of time, projects can ensure that the price does not fall drastically in the early stages.

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way through Bittime. Bittime 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 Bitcoin (BTC), Ethereum (ETH), Solana (SOL) price and other cryptos to find out today's crypto market trends in real-time on Bittime.