Unlock Tokens of the Week, ALT, WLD, to YGG!
2024-07-22
Bittime - Unlock token is one of the important moments in the crypto world. Unlocking tokens can have a significant impact on market prices, especially when the amount to be unlocked is very large.
Unlock Tokens This Week
Based on data from Token Unlocks, several large projects will unlock large amounts of tokens this week. BFollowing are the details of the token unlock that will occur this week.
- Galxe (GAL)
- Unlock Date: July 24
- Amount: 580.000 GAL
- Mark: Approximately $2.1 million
- Percentage of Circulating Supply: 0,49%
- Worldcoin (WLD)
- Unlock Date: July 24
- Amount: 5.32 million WLD
- Mark: Approximately $14.04 million
- Percentage of Circulating Supply: 1,88%
- AltLayer (ALT)
- Unlock Date: July 25
- Amount: 684 million ALT
- Mark: Approximately $111 million
- Percentage of Circulating Supply: 42,08%
- Yield Guild Games (YGG)
- Unlock Date: July 27
- Amount: 14.08 million YGG
- Mark: Approximately $7.51 million
- Percentage of Circulating Supply: 3,74%
- SingularityNet (AGIX)
- Unlock Date: July 28
- Amount: 8.45 million AGIX
- Mark: Approximately $5.27 million
- Percentage of Circulating Supply: 1,33%
Impact of Unlock Tokens on Crypto Markets
Unlocking large amounts of tokens like this can have a significant impact on token prices in the crypto market. Here are some of the potential impacts on the crypto market.
AltLayer (ALT)
With the number of unlocked ALT tokens reaching 42.08% of the circulating supply, AltLayer is expected to experience high price volatility. An unlock of this magnitude could cause significant selling pressure, possibly driving down the token price EVERYTHING in the short term.
Worldcoin (WLD)
Unlocking WLD tokens at 1.88% of the circulating supply could also result in volatility. Although the percentage is smaller than ALT, a sizable total value of around $14.04 million is still possible to influence price movement.
Yield Guild Games (YGG)
Unlocking YGG tokens at 3.74% of the circulating supply may bring selling pressure, but not as much as the impact of unlocking ALT tokens. However, investors must remain alert to potential price declines.
Galxe (GAL) and SingularityNet (AGIX)
Unlocking smaller GAL and AGIX tokens will likely have a more limited impact than ALT and WLD. However, the increasing trading volume at the time of unlocking this token needs to be anticipated.
Stay Aware of the Moment Unlock Token
This week will be an interesting week for crypto market players, with several large projects unlocking significant amounts of tokens. AltLayer (ALT) took center stage with a huge number of unlocks, followed by Worldcoin (WLD) and Yield Guild Games (YGG).
You have to be alert and monitor market movements carefully to make the right decisions. Unlocking tokens can bring high volatility, but also opportunities for those who are ready to take the risk.
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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.
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
