$1.1B TIA token release to push Octobers crypto unlocks to almost $2B

Celestia tokens worth $1.1 billion will be unlocked on Oct. 31, while $300 million in Cheelee tokens will be released on Oct. 10. 

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Uniswap (UNI) Fully Unlocked: Market Implications After 4-Year Lockup Period

UNI, the governance token of Uniswap, has completed a four-year unlocking cycle, which means that 100% of the token supply is now in circulation. This major development was highlighted by on-chain analyst Ember through an X (formerly Twitter) post, which indicates a considerable change in the UNI market. UNI was launched in September 2020, and […]

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Celestia Plans For 1 GB Blocks For Scaling: Why Are TIA Holders Worried?

Celestia, a top network and one of the few modular blockchains, is building. Less than a year after transiting to the mainnet after months of testing, the platform is taking bold steps to scale the base layer and further boost data availability. Celestia Plans For 1 GB Blocks For Scaling In a recent announcement, the [...]

The post Celestia Plans For 1 GB Blocks For Scaling: Why Are TIA Holders Worried? appeared first on Crypto Breaking News.

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Crypto Market Prepares For $230 Million Token Unlocks This Week

The cryptocurrency market is bracing for the release of approximately $230 million in vested tokens across 14 different cryptocurrencies this week, potentially adding selling pressure to an already volatile environment. Scheduled for the week of August 12-18, these token unlocks could significantly impact market dynamics. According to data from Token […]

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Coins.ph Lists PHPC on Ronin | Over $148M Gaming Token Unlocks | Key Points | July 9, 2024

In today's crypto news recap, take a look at the gaming tokens scheduled to be unlocked this month, plus we recap the info on Coins.ph's peso stablecoin.

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Worldcoin faces scam allegations after extending token lockup by 2 years

Worldcoin faces allegations of price manipulation after delaying unlocking 80% of its native tokens.

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Over $3.5 Billion In Token Unlocks Scheduled For July

July is set to witness a significant surge in altcoin supply emission, with over $3.5 billion worth of tokens scheduled for unlocking. This wave of unlocks is likely to impact the market, which has already shown difficulty in absorbing such substantial supply emissions. According to Token Unlocks, the largest token […]

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Major crypto projects to unlock $755M in July

About $755 million in crypto assets from AltLayer, Arbitrum, Optimism and other projects will be released in July as their vesting period concludes.

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Crypto market braces for $875M token unlocks in June

Nearly $875 million in crypto tokens from projects like Aptos, Arbitrum, Starknet and Sui will be unlocked in June as vesting periods end.

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Token Unlocks to Watch in the Coming Week: A Significant Surge in Market Activity

The cryptocurrency market is changing all the time; a key factor that drives this change is what are called “token unlocks.” Token unlocks, simply put, are the release of tokens that were previously locked up (or reserved) by projects. More often than not, these locked tokens were reserved for team members, investors, and other strategic [...]

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Upcoming Token Releases: These Altcoins Are Set To Inject Billions Into The Crypto Market By May

May 2023 is poised to become a landmark month for the crypto market, with major token releases slated to inject substantial liquidity and potentially catalyze shifts in market dynamics. Key developments from AEVO and PYTH and significant contributions from other projects are set to channel over $3 billion into the sector. Related Reading: 85% Of Altcoins In Opportunity Zone, Santiment Reveals Substantial Crypto Releases Set the Stage Token Unlock, a platform dedicated to tracking the release schedules of digital assets, indicates that May will witness one of the most substantial influxes of tokens into the cryptocurrency market this year. At least 20 crypto projects are preparing to unleash tokens worth more than $10 million each, cumulatively amounting to $3.661 billion. These releases underscore the activity and continuous growth within the crypto sector, even amid fluctuating market conditions. Among the tokens set to be released, AEVO and PYTH stand out with their billion-dollar injections, underscoring their strong market presence and investor confidence. AEVO, a decentralized exchange, is scheduled to release 827.6 million AEVO tokens on May 15, which surpasses $1.25 billion at current valuations. This release will dramatically increase AEVOs circulating supply by 757.95% PYTH Network, known for providing decentralized market data, plans to follow suit with its considerable token release. On May 20, PYTH will distribute 2.13 billion tokens, valued at around $1.21 billion, representing 141.67% of its existing circulating supply. Such movements are pivotal for the projects and the broader market, influencing liquidity and potentially price stability. In addition to AEVO and PYTH, Wu Blockchain reports that Token Unlock has identified several other cryptocurrencies set for significant releases in May. These include DYDX, ENA, SUI, MEME, GAL, MAVIA, APT, STRK, ARB, APE, IMX, ROSE, PIXEL, and AVAX. ID, YGG, OP, and PRIME are poised to release tokens valued at over $10 million each, rounding out a comprehensive list for the month. According to TokenUnlocks, the large-amount unlocks in May (unlocked amount greater than $10m) include DYDX ENA SUI MEME GAL MAVIA APT STRK AEVO ARB APE IMX ROSE PIXEL PYTH AVAX ID YGG OP PRIME, etc., with an unlock value of over 3.661 billion US dollars. Among them, the unlocked pic.twitter.com/tZmihAom3c Wu Blockchain (@WuBlockchain) April 30, 2024 Anticipating An Altcoin Surge Meanwhile, El Crypto Prof, a prominent crypto analyst on X, recently projected a significant rally for the altcoin market based on historical market cycles. He notes that post-Bitcoin halving periods, like those in 2016 and 2020, typically lead to a phase of accumulation in altcoins, followed by a market rally. #Altcoins Anyone who is bearish here obviously hasn’t done their homework. Altcoins about to enter the parabolic curve, if we repeat 2016 and 2020. History doesn’t repeat itself, but It often rhymes. -Accumulation1 -Backtest2 -Send it3 Months of glory ahead imo. pic.twitter.com/uUrKj8qau1 (@el_crypto_prof) April 28, 2024 The analyst suggests the current market mirrors these past cycles, indicating a potential upcoming surge. He believes this could result in the altcoin market cap potentially doubling from its current estimate of around $1 trillion to $2 trillion. Related Reading: Crypto Guru Reveals Top Altcoin Picks And DeFi Risks: What You Need To Know Additionally, Daan Crypto Trades, another analyst, supports the view that the ETH/BTC ratio is a more accurate measure of altcoin market sentiment than the SOL/BTC ratio, signaling positive prospects for altcoins. Featured image from Unsplash, Chart from TradingView.

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SUI Set to Unlock a Staggering $278 Million Worth of Tokens This Week Will the Surge Continue or Crash?

SUI is set to unlock about $278.96 million worth this week following a major price surge, potentially creating selling pressure. In the previous week, the price of SUI saw a significant increase. On April 25, the price of Sui surged about 23%, reaching $3.67. In the past few weeks, the price of Sui has risen […]

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Trump Courts Crypto Whales Ahead of Token UnlocksCoincidence?

A new wave of TRUMP token holders are on a buying spree, not just for profits but to dine with the president himself. After an announcement that the top 220 token holders will secure a dinner invite, a trader pooled in $5 million, or 407,467 tokens, at $12.27 to make a seat. Such is the […]

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TRUMP Memecoin Faces Volatility Amid $320 Million Token Unlock

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Arbitrums Massive $107 Million Token Unlock Threatens To Send Price Below $1

Arbitrum (ARB) runs the risk of a significant price decline due to its upcoming token unlock on April 16. These token unlock events are known to be a recipe for high volatility because of what could happen in the aftermath of their occurrence.  $107 Million Arbitrum Tokens Set To Be Unlocked Data from TokenUnlock shows that 92.65 million Arbitrum tokens (3.49% of its circulating supply) are set to be unlocked on April 16. 56.13 million ($65.10 million) of these tokens will be distributed to the team, future team, and advisors, while the remaining 36.52 million ($42.36 million) will be distributed to investors.  Related Reading: Dogecoin Whales Send 800 Million DOGE To Exchanges, Dump Incoming? Token unlocks are usually followed by a wave of massive sell-offs from the beneficiaries, which causes the tokens price to drop. As such, Arbitrums price could also suffer the same fate once these tokens are distributed. However, this wont be the first time, considering Arbitrum suffered a significant price decline during its last token unlock on March 16.  Data from CoinMarketCap shows that Arbitrums price, which closed the previous day at above $2, dropped to $1.8 on March 16. However, it is worth noting that the magnitude of this months token unlock is nothing compared to last months, when 1.11 billion Arbitrum tokens (41.89% of its circulating supply) were unlocked.  Therefore, the impact of any potential sell-off on the market might not be as severe as the last time. Despite that, Arbitrum still risks dropping below the $1 support level for the first time in a long while, as it is currently hovering around that price range.  Other Token Unlocks To Watch Out For $76.96 million worth of Axie Infinity (AXS) tokens (7.6% of circulating supply) will also be unlocked this week on April 17. 3.10 million of these tokens will be distributed as staking rewards, while 6.08 million and 1.69 million tokens will be distributed to the team and ecosystem fund, respectively.  Related Reading: Bitcoin Miners To Lose A Whopping $10 Billion Following The Halving Heres Why Meanwhile, like Arbitrum, Apecoin (APE) is another token that risks dropping below $1 with its upcoming token unlock on April 17. $18.57 million worth of Apecoin tokens (2.48% of circulating supply) will be unlocked, with most of these tokens going to the Yuga Labs founder. A significant drop in Apecoins price could further compound the bearish outlook of the Yuga Labs ecosystem, as the Bored Ape NFT is already down 90% from its peak.  ARB price drops to $1.11 | Source: ARBUSDT on Tradingview.com Featured image from CoinGape, chart from Tradingview.com

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Trump Memecoin is Set Out To Unlock $321M Worth of Vested Tokens

Donald Trumps official memecoin, launched in early January, is planned to release about $321 million worth of tokens on April 18. According to Tokenomist, 40 million Trump tokens will be released in a cliff unlock, which means all the tokens will become available at the same time. Each token at the time of writing is […]

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Optimism Crashes 33% Following Token Unlocks, Why There Could Be More Pain To Come

Optimism (OP) has been one of the hardest-hit cryptocurrencies over the last week as bearish sentiment around the coin rose rapidly. The reason for this was a massive amount of OP tokens that were unlocked this week, leading to significant buy pressure on the digital asset. However, the bearish trend does not seem to have ended yet given that the altcoin could see more buying pressure. $600 Million Token Unlock Sends Optimism Spiralling On Tuesday, Optimism saw one of its largest token unlocks when over 300 million were released into circulation. These tokens accounted for around 9% of the total OP supply, which was a significant amount to move into the market, especially during a bear market. Related Reading: Bullish Case For Litecoin Grows Stronger As LTC Halving Draws Close The coins totaling 386 million OP at the time were worth approximately $600 million. This meant that there was now $600 million worth of new potential selling pressure for the token and the altcoin began to respond before the unlock was live. In the hours leading up to the massive unlock, OP’s price first dropped around 7%. But then the unlock triggered further sell pressure and by the time the sellers were done for the day, the digital asset had already lost more than 20% of the value it began the day with. OP falls to five-month low | Source: OPUSD on TradingView.com More Pain To Come For OP Holders? While it does seem that OP sellers are starting to tire out, the bearish case for the altcoin continues. This is because the $600 million unlock was only the first unlock for core contributors and investors, meaning VCs and others. Data from Token Unlocks shows that Optimism has another token unlock coming up at the end of June for a total of 24.15 million tokens. This means that a month from now, another $34.5 million worth of tokens will be unlocked. This 0.562% of supply may be smaller than the 9% unlock that took place in May but it will put selling pressure on the token nonetheless. $34.5 million in OP set to be unlocked on June 30 | Source: Token Unlocks At the time of writing, the coin is down 10% on the daily chart and 33% on the monthly chart. OP’s price has now fallen to $1.37, a price level that has not been seen since January. This is a 50% decline from its 2023 highs. Related Reading: Here Are The Top 3 Chinese Coins To Buy As China Leads The Bull Run If the bulls fail to recover OP’s price this week, then it could fall below the $1.3 support. A fall below this level would be detrimental to holders as the next likely support for the digital asset would sit at $1.2, prompting a further 10% drop. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from Coin Culture, chart from TradingView.com

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Wintermute moves over $4M of Optimism tokens to Binance ahead of OP unlock

On-chain analytics platform Spot on Chain reported that Wintermute sold the tokens at $1.63 per OP.

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Upcoming Token Unlocks: Ethena Labs ($ENA) Leads with $718M in Potential Market Impact

The cryptocurrency market is getting a serious jolt from some big token unlock events, with certain projects set to unleash a hefty chunk of their circulating supply into the market. One of the most remarkable unlock situations stems from Ethena Labs ($ENA), which is primed to drop a jaw-dropping $718 million worth of tokens [...]

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Arbitrum Unlocks 92.65M Tokens & Celestia Shows Bullish SignsHurry, Devs! Limited Slots Available in BlockDAGs Hackathon

Discover the Arbitrum (ARB) token unlock, Celestia (TIA) price analysis, and BlockDAGs exciting hackathon series with HackerEarth.

The post Arbitrum Unlocks 92.65M Tokens & Celestia Shows Bullish SignsHurry, Devs! Limited Slots Available in BlockDAGs Hackathon appeared first on Kanalcoin.

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