Total lockup exceeds 100 million magnesium! This week, 'these 4 types of coin' will be unlocked in large amounts, be careful if you buy

Why does token unlocking have to be followed?

Are you unfamiliar with the term "unlock" in the cryptocurrency market? If you are an investor planning to delve deeper into the market, the impact of unlocking on token prices is an event that you must closely follow.

What is token unlock? When a native token is issued for each project, it is usually allocated to developers, early investors, etc. in proportion. This is the token distribution model. In order to avoid huge selling pressure on tokens at the start of the project, many projects set a 'lock-up period' to lock the tokens held by relevant personnel for a period of time, preventing immediate trading. Subsequently, at a specific time point, these tokens will be partially unlocked, allowing holders to trade freely.

This is a price protection mechanism for the project, but for investors, a large amount of token unlocking may put pressure on the token price. For example, at the end of last year (2023), $DYDX unlocked tokens worth about $485 million, which led to a single-day drop in price of nearly 5% and the decline continued for several days. However, there are also cases where the price rose instead of falling after the unlock ended. Therefore, investors need to conduct their own research to determine whether it will rise or fall.

After understanding the possible impact of unlocking, it is inevitable to introduce a useful tool - 'Token Unlocks'. This is a practical data provider website, which can show the schedule of various tokens about to be unlocked, as well as the circulation and unlocking amount.

So let's take a look at which tokens will be unlocked this week!

Arbitrum（$ARB）

Total Market Cap: 41.72 billion US dollars

Unlock time: 12th December 21:00

Unlocked token amount: 92.65 million, worth about $94.41 million, accounting for 2.26% of the circulating supply.

ApeCoin（$APE）

Total Market Cap: 11.75 billion US dollars

Unlock time: December 17th, 20:30

Unlock token amount: 15.6 million tokens, worth approximately $25.12 million, accounting for 2.16% of the circulating supply.

QuantixAI ($QAI)

Market Cap: $432 million

Unlock time: December 18th, 08:00

Token unlocked: 23.23 million tokens, valued at approximately $22.31 million, accounting for 5.16% of the circulating supply

Cardano（$ADA）

Total Market Cap: 387.25 billion US dollars

Unlock time: December 18th, 08:00

Token unlocked: 18.53 million, worth approximately $20.27 million, accounting for 0.05% of the circulating supply.

【Disclaimer】The market is risky, and investment should be cautious. The analyst's opinion is for reference only. Users should refer to more diverse indicators to determine 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.

The total throw pressure exceeds 100 million magnes! This week, 'these 4 kinds of currency' will be unlocked in large quantities, be careful of the risks if you buy. This article was first published in 'Cryptocurrency City'.