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Watch Out for 2 Coins This Week: $32 and $130 Million Unlocks Available!
This week, a total of millions of dollars worth of locked tokens will be opened in 7 altcoins.
According to Token Unlocks data, a total of over $368 million will be unlocked in 7 altcoin projects, including popular projects such as The Sandbox (SAND) and Apecoin (APE), between August 14-20.
In general, more than 1% of the circulating supply of tokens is released in unlocking, which has a distinctly negative impact on the price. In this direction, the high rates to be opened in the next week for The Sandbox, Oasis Network and Apecoin are of great importance.
In particular, it was stated that the unlocking of 16.16% of the circulating asset waiting for The Sandbox could create an intense selling pressure on the altcoin.
Here is the list of assets that will be released:
The Sandbox (SAND): 322.5 million assets worth $131 million will be unlocked as of 11:00 CEST on August 14. 10.75% of the total supply and 16.16% of the circulating supply will be released.
Sweatcoin (SWEAT): 2.63 million assets worth $18,000 will be unlocked as of August 15 at 03:00 CEST. 0.03% of the circulating supply will be released. On SWEAT, approximately $621,000 worth of tokens will also be regularly unlocked throughout the week.
Flow (FLOW): 7.29 million assets worth $4.4 million will be unlocked as of August 16 at 03:00 CEST. 0.70% of the circulating supply will be freed. Around $4.79 million worth of tokens will also be regularly unlocked during the week at FLOW.
Pendle (PENDL): 60 thousand assets worth 43 thousand dollars will be unlocked as of August 16 at 03:00 CEST. 0.06% of the circulating supply will be released. During the week, approximately $258k worth of tokens will also be regularly unlocked on PENDL.
Euler (EUL): 157 thousand assets worth 406 thousand dollars will be unlocked as of August 16, 12.02 CET. 0.57% of the total supply and 0.84% of the circulating supply will be freed. Around $499,000 worth of tokens will also be regularly unlocked on EUL throughout the week.
Apecoin (APE): 15.5 million unlocked assets worth $32.76 million will be unlocked on August 17 at 03:00 CEST. 1.55% of the total supply and 4.23% of the circulating supply will be released.
Oasis Network (ROSE): 171 million assets worth $8.13 million will be unlocked as of August 18 at 7:00 pm. 1.71% of the total supply and 3.40% of the circulating supply will be released.
Even if there is sales pressure in key openings, it is not always the case. Especially in projects with low unlocking rates, rises can be seen.
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