The world of cryptocurrency is constantly evolving, with token unlock events often playing a significant role in shaping the market’s dynamics.
Unlocks refer to the release of tokens that were previously locked, usually as part of initial coin offerings (ICOs), staking rewards, or other contractual agreements. These events can lead to major price fluctuations, and it’s essential for investors to keep an eye on these unlocks to stay ahead of potential market movements. All information is according to data from TokenUnlocks.com at the time of writing.
Here are 7 crypto tokens you should closely monitor for upcoming unlock events:
1. KAS (Kaspa)
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Price: $0.060
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Market Cap: $1.56 billion
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Supply Released: 89.7%
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Unlock Date: 0 days, 5 hours, 59 minutes
Kaspa has been showing a decline of 5.43%, but its significant market cap and the large percentage of supply about to be unlocked make it crucial for market watchers. Investors should prepare for potential volatility when the tokens hit the market.
2. EIGEN (Eigenlayer)
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Price: $0.744
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Market Cap: $189.45 million
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Supply Released: 244.49 million tokens (approx. 7.82%)
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Unlock Date: 2 days, 0 hours, 59 minutes
Eigenlayer’s price has dipped by 7.82%, and its unlock event, which will release a large portion of tokens, is coming up soon. With the market cap being somewhat smaller, there’s potential for large price movements once the unlock happens.
3. MOVE (Movement)
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Price: $0.337
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Market Cap: $866.48 million
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Supply Released: 24.0%
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Unlock Date: 2 days, 17 hours, 59 minutes
Move-to-Earn is showing a 8.93% drop in value, but with over 2.45 billion tokens in circulation and a large amount of tokens about to be unlocked, MOVE could experience notable volatility.
4. MOCA (Mochi Market)
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Price: $0.073
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Market Cap: $163.76 million
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Supply Released: 33.1%
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Unlock Date: 4 days, 5 hours, 59 minutes
Mochi Market’s token, MOCA, is trading at a 7.12% decrease. However, with a large portion of the supply ready to be unlocked in the coming days, market participants should pay attention to this event.
5. 1INCH (1inch Network)
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Price: $0.173
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Market Cap: $250.62 million
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Supply Released: 92.4%
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Unlock Date: 4 days, 5 hours, 59 minutes
As one of the most recognized decentralized exchange aggregators, 1INCH is seeing a small dip of 5.31%. However, with the majority of its supply already unlocked, it’s an important token to track, especially given the potential for price fluctuations when new tokens come onto the market.
6. OP (Optimism)
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Price: $0.620
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Market Cap: $1.06 billion
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Supply Released: 35.3%
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Unlock Date: 5 days, 5 hours, 59 minutes
Optimism’s OP token is facing a significant 10.22% decline in value. With a substantial amount of tokens scheduled for release soon, traders and investors should be cautious of the potential impact on its price.
7. RENDER (Render Network)
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Price: $2.88
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Market Cap: $1.55 billion
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Supply Released: 54.5%
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Unlock Date: 5 days, 9 hours, 29 minutes
Render Network has maintained a moderate price drop of 7.67%, and with nearly half of its supply poised for release soon, it’s one of the most crucial tokens to watch in the coming days.
These upcoming unlock events could lead to increased volatility in the crypto markets. By staying informed about the timing and magnitude of these unlocks, investors can make more calculated decisions. Whether you’re holding or considering entering these markets, keeping an eye on these events is essential for any serious crypto enthusiast.
Author
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
