CDS Crypto News 4 Major Tokens Will Be Unlocked This Week
Crypto News

4 Major Tokens Will Be Unlocked This Week

This week 4 major tokens will be unlocked.

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4 Major Tokens Will Be Unlocked This Week

Major tokens including 1INHC (1inch), EUL (Euler Finance), ID (Space ID), and ACA (Acala) tokens will be unlocked this week. Investors should be aware of the dangers both before and after unlocking tokens, since unlocking tokens might trigger market selling pressure, resulting in major price swings.

4 Major Tokens Will Be Unlocked This Week

According to Token Unlocks data, four significant tokens are scheduled for unlocking this week (June 19-25). Investors are urged to exercise caution both before and after token unlocking, as it may trigger selling pressure in the market and result in significant price fluctuations.

The first token to unlock is 1INHC (1inch), with 15,000 tokens (worth $4,119) becoming available, equivalent to 0.001% of the total supply. This unlocking is set to occur at 8:00 am UTC on June 20.

4 Major Tokens Will Be Unlocked This Week

Following that, at 5:45 pm on June, 147,848 EUL tokens ($246,906), equivalent to 0.544% of the total supply, will be unlocked.

4 Major Tokens Will Be Unlocked This Week

On June 22, Space ID will unlock 15,152,777 tokens (approximately $4.36 million), representing 0.758% of the total supply. It is important to note that Space ID has a total issuance of about 2 billion tokens, but only 600 million will be unlocked by May 11 next year, with the remaining tokens being unlocked gradually by November 30, 2028.

4 Major Tokens Will Be Unlocked This Week

Lastly, at 0:00 am on June 25, Acala will unlock 4,657,534 tokens (worth about $180,000), accounting for 0.466% of the total supply. Acala has issued one billion tokens, and if the lock-up is lifted, approximately 400 million tokens will enter the market.

4 Major Tokens Will Be Unlocked This Week

Analyzing the four unlock events mentioned above, it is evident that the token supply experiences minimal fluctuations following unlocking.

However, current data collected by CDS reveals that 1INCH is experiencing the most significant drop with less than a day remaining until its scheduled token unlocking. The other tokens have not seen significant changes, except for EUL, which has witnessed a notable increase of over 7.3% compared to the rest of the market.

Investors are advised to closely monitor the market and exercise caution during these unlocking events to mitigate potential risks associated with price volatility.

To access more crypto news: cryptodataspace.com

Sources:newscoincu
Written by
Aziz KARTAL

Aziz Kartal is 21 years old. He is a student at the Gazi University, Department of Electrical and Electronical Engineering. He works as content writer, researcher and social media manager. He generally research about Web3, Blockchain Security and Cybersecurity.

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