- This week, a total of hundreds of millions of dollars in lock openings will take place in 6 altcoins.
- According to Token Unlocks data, between May 6 and May 12, lock openings worth over $112 million will take place in 6 altcoin projects, including Euler (EUL) and Pendle (PENDLE).
- Generally, the release of more than 1% of the circulating supply in lock openings has a noticeably negative impact on the price. In this context, the lock openings in Hashflow (HFT) and Aptos (APT) in the coming week are significant.
This week, six altcoins will see significant unlocking events, potentially impacting their market value. Stay informed with our in-depth analysis and insights.
Attention to Aptos!
Particularly in APT, the lock opening of 11.3 million units worth $105 million, which represents 2.64% of the circulating supply, is among the ones that need to be paid attention to. The lock opening worth $4.5 million in HFT, which represents 3.51% of the supply, should also be considered.
Crypto Currencies to Undergo Lock Opening
The crypto currencies that will undergo lock opening are as follows:
- Hashflow (HFT): The lock of 13.8 million assets worth $4.5 million will be opened as of 12.00 on May 7. 3.51% of the circulating supply will be released.
- GMX (GMX): The lock of 2,800 assets worth $74,000 will be opened throughout the next week. The lock opening transactions will start as of 12.00 on May 9. 0.41% of the circulating supply will be released.
- Pendle (PENDLE): The lock of 276,000 assets worth $1.5 million will be opened throughout the next week. The lock opening transactions will start as of 12.00 on May 8. 0.55% of the circulating supply will be released.
- Euler (EUL): The lock of 103,000 assets worth $602,000 will be opened throughout the next week. The lock opening transactions will start as of 03.00 on May 9. 1.23% of the circulating supply will be released.
- Moonbeam (GLMR): The lock of 3 million assets worth $946,000 will be opened as of 12.00 on May 11. 0.35% of the circulating supply will be released.
- Aptos (APT): The lock of 11.3 million assets worth $105 million will be opened as of 06.00 on May 12. 2.64% of the circulating supply will be released.
Conclusion
These lock openings have the potential to significantly impact the market value of the respective altcoins. Investors should keep a close eye on these events and adjust their strategies accordingly.
