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This coming week, large-volume token unlocks are expected in several key projects in the crypto market. A recent survey of activities reveals that several leading cryptocurrencies are about to unlock significant amounts of their locked tokens, a plan that could affect the market. Top 7 ICO, an analytical platform reveals the top crypto token unlocks for next week, through social media X account.
Top 7 Biggest Token Unlocks in the Next 7 Days
— TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) September 16, 2024
Monitoring of vested tokens and future unlock events is an important step to make more cautious and, in the end, better trading decisions. Let’s take a look at this and some other biggest unlocks coming in the next 7 days, including… pic.twitter.com/AhrPMFQFtR
Arbitrum ($ARB) Leads with a $47.2M Crypto Token Unlock
Arbitrum ($ARB) has the most robust token unlock, with a token worth $47.2 million or 0.93% of the total supply. This token unlock is scheduled for 16 September and could affect the market price of ARB tokens, which will likely affect how fast people purchase all the tokens.
Velo and SPACE ID Follow with Major Unlocks
Velo ($VELO) and SPACE ID ($ID) also have substantial unlocks on the horizon. Velo is set to release $33.9 million worth of tokens, accounting for 9.1% of its supply, on September 17. Meanwhile, SPACE ID will unlock $26.1 million, equating to 3.93% of its total supply, on September 22.
Additionally, PegNet Network ($ZKJ) will unlock $17.8 million (1.55% of supply) on September 16, while ApeCoin ($APE) has a $10.9 million unlock scheduled for September 17. Merlin Chain ($MERL) and Lista DAO ($LISTA) will release $9.94 million and $8.07 million worth of tokens later in the week.
These significant token unlocks will likely draw attention from investors and traders as they assess the potential effects on the market. With millions of dollars worth of tokens entering circulation, the market may witness fluctuations, presenting opportunities and risks.