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Attention: $205 Million Locked Token Opening for 4 Altcoins This Week _! - Coin Newsletter
A total of hundreds of millions of dollars worth of unlocks will take place in 10 altcoins this week.
According to Token Unlocks data, between January 15 and 22, 10 altcoin projects, including ApeCoin (APE), Injective (INJ) and Axie Infinity (AXS)****, will unlock a total of over 212 million dollars.
In unlocks, the release of more than 1% of the overall circulating supply of tokens is significantly reflected in the price negatively. Accordingly, the unlocks specific to APE, INJ, AXS and Space ID (ID) are important in the next week.
Beware of INJ and ID!
In particular, the 3.67 million unlocks worth $139 million that will take place in INJ are among the top things to watch out for with the amount of circulating supply of 4.33%. The $16.44 million unlock on ID needs to be considered, with a supply rate of 13.37%. A $22.5 million** lock opening is planned in APE and $27 million in AXS.
The cryptocurrencies that will be unlocked are as follows: