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.
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.
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.
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.
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.
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