This week, more than $70 million worth of cryptocurrencies will be unlocked, potentially affecting market dynamics. Here are the seven major events of the week.
Immutable (IMX) Unlock
On January 24, over 24.5 million IMX tokens will be unlocked, representing 1.23% of the total token supply. The unlock amount will be over $30 million, accounting for 1.4% of the token's fully diluted market cap of over $2.4 billion. So far, 86.5% of the total token supply has been unlocked. Today, IMX surged by 2.7%, trading at $1.23.
AltLayer (ALT) Unlock
On January 25, 240.8 million ALT tokens will be unlocked, representing 2.41% of the total token supply. The unlock amount exceeds $22 million, accounting for 10.5% of the token's fully diluted market cap of $922 million. So far, 23.1% of tokens have been unlocked. Today, ALT is up by 5%, with a market cap of over $216 million.
Space ID (ID) Unlock
On January 22, nearly 18.5 million ID tokens will be unlocked, representing 0.93% of the total supply. The unlock amount is $7.53 million, or nearly 4.3% of the token's fully diluted market cap of $819 million. So far, over 43% of the tokens have been unlocked. Today, ID is trading at $0.41, up by 3% in the last 24 hours.
These events may cause volatility in the market. It's crucial to monitor the situation closely and be prepared for changes in pricing.
