Total throwing pressure exceeds 20 million pounds! This week, these 3 coins will be unlocked in large amounts, beware of the risk of big dump.

Why does token unlocking have to follow?

Are you unfamiliar with the term 'unlocking' in the encryption currency market? If you are an investor planning to delve into the market, the impact of unlocking on Token prices is an event you must closely follow.

What is Token unlocking? When issuing native Tokens in each project, they are usually distributed proportionally to developers, early investors, etc. This is the distribution model of Tokens. In order to avoid immense dumping pressure on Tokens at the project launch, many projects set a 'lock-up period' to lock the Tokens held by relevant individuals for a certain period of time, preventing immediate trading. Subsequently, at specific time points, some of these Tokens will be unlocked, allowing holders to trade freely.

This is a price protection mechanism for the project, but for investors, a large number of unlocked Tokens may put pressure on the coin price. For example, at the end of last year (2023), $DYDX unlocked Tokens worth about $485 million, which caused its price to dump nearly 5% in a single day and continued to decline for several days. However, there are also cases where the price increased instead of decreasing after the unlock ended. Therefore, investors need to do their own research to determine whether it will rise or fall.

After understanding the potential impact of unlocking, it is inevitable to introduce a useful tool called 'Token Unlocks'. This is a practical data provider website where you can see the schedule of various tokens to be unlocked, as well as Circulating Supply and unlocking volume.

So let's take a look at which Tokens are going to be unlocked this week!

Oasis（$ROSE）

Total Market Cap: 5.54 billion US dollars

Unlock time: November 18th, 24:00

Unlock token amount: 176 million, worth about 13.97 million US dollars, accounting for 2.62% of the circulating supply

Cardano（$ADA）

Total Market Cap: 262.4 billion US dollars

Unlock time: November 21st, 8:00 AM

Unlock Token Amount: 18.53 million, worth approximately $13.12 million, accounting for 0.05% of the circulating supply

Ethena（$ENA）

Total Market Cap: 16.11 billion US dollars

Unlock Time: November 20th, 15:00

Unlock token quantity: 12.86 million, worth about 7.12 million US dollars, accounting for 0.45% of the circulating supply.

[Disclaimer] There are risks in the market, and investment needs to be cautious. Analyst views are for reference only. Users should refer to more diverse indicators to judge whether to invest, and consider whether any opinions, perspectives, or conclusions in this article are applicable to their specific situation. Invest at your own risk.

Over 20 million pounds of total throw pressure! This week, these 3 types of coins will be unlocked in large quantities, beware of the risk of big dump. This article was first published in the city of encryption.