Several notable token unlocks are scheduled for the end of August and the beginning of September, potentially impacting various cryptocurrency markets. According to PHOENIX, these events could lead to shifts in exchange rates and trading volumes.
$LIT and $PORTAL Unlocks on August 29
One of the first major unlocks will involve 1.59 million Litentry ($LIT) tokens being released on August 29. This event may influence the price and trading volume of $LIT. On the same day, 24.6 million Portal ($PORTAL) tokens will also be unlocked, potentially causing changes in the overall trading volume and market dynamics. Additionally, 5.02 million Worldcoin ($WLD) tokens are planned to be unlocked on the same day, which could also impact this token.
Further Unlocks in Late August
The next day, August 30, BwareLabs ($INFRA) will release 3.36 million tokens. This release may also cause changes in the market sentiment and trading behavior of $INFRA. Moreover, on August 31, EchelonPrime ($PRIME) will unlock 751,900 tokens, while Optimism ($OP) is set to release 32.2 million tokens. These events are expected to have significant impacts on their respective markets.
Token Unlocks in Early September
These token unlocks will continue into early September. On September 1, dYdX ($DYDX) will release 8.33 million tokens. On the same day, MixMob ($MXM) will unlock 19.71 million tokens, and HookedProtocol ($HOOK) will release another 8.33 million tokens. These events are expected to affect the liquidity and market behavior of these tokens, making them significant for investors to consider.
These upcoming token unlocks attract great attention in the cryptocurrency community as they may affect token prices and overall market sentiment. Investors are advised to stay informed about these events to forecast future market changes.
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