Altcoins Unlock Event: Important Dates and Amount
What is an Altcoins unlock event?
An Altcoins unlock event is when a significant amount of tokens or coins are released into circulation. This can happens for a number of reasons, such as the completion of a vesting period, the launch of a new product or service, or a reward for early investors.
In the dynamic world of cryptocurrency, unlocking events for Altcoins offer unique opportunities for investors. Upcoming unlocking dates and amounts for 13 Altcoins. This Week, Many Altcoins Unlock: Token unlocking events represent significant developments for these altcoins, and investors are eager to observe their impact on the market.
Why are Altcoins unlock events important?
Altcoins unlock events can have a significant impact on the price of a token or coin. If a large amount of tokens are released into circulation, it can increase the supply and drive down the price. However, if there is high demand for the token or coin, the price may remain stable or even increase.
This week, several Altcoins will be unlocked:
- Flow (FLOW): On October 16th, 3.15 million FLOW tokens, worth $7.29 million (0.70% of total supply), will be released.
- ApeCoin (APE): On October 17th, 15.6 million APE tokens, valued at $16.69 million (4.23% of total supply), will become available.
- Pendle (PENDLE): On October 18th, 54.87 thousand tokens will be unlocked.
- Space ID (ID): On October 22nd, 18.49 million ID tokens, worth $3.44 million (6.46% of total supply), will be released.
- Tokocrypto (TKO): On October 16th, $4.50 million (12.51% of market value) worth of tokens will be unlocked.
- WiFi Map (WIFI): On October 16th, $1.28 million (39.24% of market value) worth of altcoins will be released.
- Myria (MYRIA): On October 16th, tokens worth $1.29 million will be unlocked.
- KAP Games (KAP): On October 16th, $5.19 million (97.05% of market value) worth of tokens will be unlocked.
- STEPN (GMT): On October 16th at 07:0) tokens worth $13.29 million (7.34% of market value) will be unlocked.
List goes on with various altcoins unlocking their tokens.
The coming days also hold many unlocking events for various altcoins:
- Immutable (IMX): On October 16th at 08:00, tokens worth $10.54 million (1.57% of market value) will be released.
- Internet Computer (ICP): On October 16th, tokens worth $10.17 million (0.74% of market value) will be unlocked.
- Wilder World (WILD): On October 16th, $1.01 million (1.96% of market value) worth of altcoins will be released.
- BitMEX (BMEX): On October 16th, $5.00 million (18.57% of market value) worth of tokens will be unlocked.
Tips on how to prepare for altcoin unlock events
Here are a few tips on how to prepare for altcoin unlock events:
- Do your research: Before investing in any altcoin, it is important to do your research and understand the project. This includes understanding the team behind the project, the tokenomics, and the roadmap.
- Be aware of unlock events: Once you have invested in an altcoin, it is important to be aware of upcoming unlock events. You can find this information on the project's website or social media channels.
- Have a plan: If you are concerned about the impact of an unlock event, you may want to have a plan in place. This could involve selling some of your tokens before the unlock event or setting a stop-loss order.
It is also important to remember that altcoin unlock events are just one factor that can affect the price of a token or coin. Other factors, such as market sentiment and news events, can also have a significant impact.