Unlock Tokens This Week, There is Worldcoin and Arbitrum!

Bittime - Several large crypto projects will unlock tokens this week with a total value of approx $500 million. 

Data from Token Unlocks shows that a number of big tokens like Worldcoin (WLD) And Arbitrage (ARB), potentially influence market price. Read this article to find out more!

Worldcoin (WLD): Unlock Tokens $80 Million

One of the projects that will unlock tokens this week is Worldcoin (WLD), which will unlock tokens worth $80 million. This number represents 7% of the total WLD supply. 

These tokens will be distributed to team members, advisors, and investors. This token unlock has the potential to add pressure to the WLD price due to a significant increase in supply. 

If token recipients decide to sell a large portion of their token allocation, this could cause the price of WLD tokens to fall. 

However, if the token is used for staking or other purposes that do not involve direct sales, the price of WLD tokens can remain stable.

Read Also: Vitalik Buterin Sells MOODENG Tokens, Price Drops Up to 72%! 

Arbitrum (ARB): Unlock Tokens $51 Million

Arbitrum (ARB), one of the popular Layer 2 projects on Ethereum, will also unlock tokens this week worth $51 million, equal to 2.56% of circulating supply. 

Arbitrum has attracted a lot of attention in recent years because to its technology that speeds up transactions on the Ethereum network with lower fees.

Even though the amount opened is relatively small compared to the total supply of ARB, there is still the possibility of selling pressure in the market. 

Unlock Tokens EigenLayer (EIGEN) and Axie Infinity (AXS)

Apart from WLD and ARB, Ownlayer (OWN) And Axie Infinity (AXS), will also unlock the respective tokens worth $40 million. This token unlock will represent approx 6.01% of Eigenlayer supply And 6.08% of Axie Infinity supply.

Eigenlayer, which focuses on strengthening security and staking innovation in blockchain networks, could see a sizable increase in token supply. 

Meanwhile, Axie Infinity, one of the most successful blockchain games, could also potentially see price changes as the tokens to be unlocked are quite large.

Taiko (TAIKO): Unlock Tokens 15% of Total Supply

Taiko project, a Layer 2 network that is also popular, will unlock tokens this week for $18.24 million, equal to 15% of total supply. Amount This is one of the largest token unlocks in terms of percentage of supply opened this week. 

Given this large number, there is the possibility of significant price fluctuations in the Taiko market. Massive token unlocks like this usually trigger sell-offs because token recipients often decide to realize profits. 

Read Also: UXLINK Launches MFA Feature to Improve User Account Security 

How to Buy Crypto with Bittime

Want to trade, sell and buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.