Cryptocurrency investors eagerly anticipate token unlocks, which often lead to increased trading activity and potential price fluctuations. This week brings us a diverse range of tokens ready for release. Let’s take a closer look at the top 7 token unlocks scheduled for this week, according to Coin Post.
1. Sui ($SUI) – $92.56 Million Unlock
The Sui token tops the list with an impressive $92.56 million unlock. Token unlocks of this magnitude can significantly impact the token’s market dynamics. It will be interesting to see how the Sui community responds to this release.
2. dYdX ($DYDX) – $90.76 Million Unlock
Coming in closely behind Sui is dYdX, with a substantial $90.76 million unlock. dYdX is a decentralized exchange (DEX) and trading platform, making its token unlock a point of interest for traders and DeFi enthusiasts.
3. Merit Circle ($MC) – $14.69 Million Unlock
Merit Circle enters the scene with a $14.69 million unlock. This relatively smaller release still carries significance within its community and could lead to notable trading activity.
4. Sleepless AI ($AI) – $13.60 Million Unlock
Sleepless AI brings AI-powered solutions to the crypto world and prepares for a $13.60 million token unlock. The release of AI tokens could attract attention from investors interested in the intersection of artificial intelligence and blockchain technology.
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Show more +5. Nym ($NYM) – $13.47 Million Unlock
Nym, with its focus on privacy solutions, has a $13.47 million unlock on the horizon. Privacy tokens have garnered increased interest, and this unlock may provide insights into the demand for privacy-focused projects.
6. Orbler ($ORBR) – $10.28 Million Unlock
Orbler is set for a $10.28 million token unlock. Projects like Orbler often aim to address specific niche markets, and this release could determine the sentiment within its user base.
7. Biconomy ($BICO) – $10.11 Million Unlock
Last but not least, Biconomy prepares for a $10.11 million unlock. Biconomy focuses on simplifying blockchain transactions, and its token unlock may draw attention from users seeking efficient blockchain solutions.
Token unlocks are events that crypto enthusiasts closely monitor as they can influence a project’s price, liquidity, and overall market sentiment.
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