The total lock-up amount is as high as 300 million euros! This week, these 4 coins will be unlocked in large amounts, so be careful if you buy them.

Why does token unlocking need to be followed?

Are you unfamiliar with the term 'unlock' in the encryption currency market? If you are an investor planning to delve into the market, unlocking and its potential impact on the price of Tokens are events you must closely follow.

What is Token unlocking? When the native Token of each project is issued, it is usually proportionally allocated to developers, early investors, etc. This is the distribution model of Token. In order to avoid the huge dumping pressure on Tokens at the start of the project, many projects will set a 'lock-up period', during which the Tokens held by relevant individuals are locked for a period of time, preventing them from being traded immediately. Subsequently, at a specific time point, 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 currency 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 the decline continued for several days. However, there are also cases where the price did not fall as expected after the unlocking ended, but instead rose. 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 - 'Token Unlocks'. This is a practical data provider website, where you can see the schedule of various Tokens about to be unlocked, as well as Circulating Supply and unlocking volume.

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

Sui（$SUI）

Total Market Cap: 95.17 billion US dollars

Unlock time: December 01, 8:00 AM

Token unlock amount: 64.19 million, worth about 216 million US dollars, accounting for 2.26% of the circulating supply

Optimism（$OP）

Total Market Cap: 26.9 billion US dollars

Unlock time: November 30th at 8:00 AM

Unlock Token Amount: 31.34 million, worth approximately $68.32 million, accounting for 2.5% of the circulating supply.

Immutable（$IMX）

Total Market Cap: 2.872 billion US dollars

Unlock time: 8:00 a.m. on November 29th

Token unlock amount: 24.52 million, worth approximately $42.41 million, accounting for 1.47% of the circulating supply.

1inch ($1INCH)

Total Market Cap: 492 million US dollars

Unlock time: 20:00 on the evening of November 30th.

Token unlock amount: 98.74 million, worth approximately $38.73 million, accounting for 7.72% of the circulating supply.

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

『The total throwing pressure is up to 300 million magnesium! This week's "These 4 coins will be unlocked in large amounts, those who buy beware" This article was first published in "Encryption City"