Hedera

dYdX (ethDYDX)

Optimism

ApeCoin

Aptos

<ul><li>Over $225 million in tokens are set for unlocking across multiple cryptocurrencies.</li><li>The market reacts with downward price movements in major tokens like HBAR and SUI.</li><li>Due to token unlocking, IMX, APT, APE, DYDX, and OP also experience volatility.</li></ul>September has been pivotal for the <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">cryptocurrency</a> market, especially <a href="https://token.unlocks.app/" rel="noopener noreferrer nofollow">concerning</a> token unlocks. With the month&#39;s onset, significant amounts of various tokens are becoming freely tradable, and the market responds in kind. According to TokenUnlocks, substantial unlocks are scheduled across multiple currencies, including HBAR, SUI, IMX, APT, APE, DYDX, and OP, with a staggering total unlock value of over $225 million.China&#39;s leading cryptocurrency journalist, Colin Wu, shared a Twitter post providing valuable insights into the potential market impact of the major token unlocks happening this September:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/da2f34749a1d40e79da287fb7f193f24.png" />On September 1, Hedera Hashgraph’s token, known as HBAR, experienced an unlock of 61.27 million tokens. Despite the optimistic outlook for the blockchain network, the market had a different reaction. HBAR’s value took a 5.20% hit, settling at $0.051 within 24 hours of the unlock. The temporary impact is a stark reminder of the market&#39;s sensitivity to sudden increases in circulating supply.Shifting focus to the Sui Blockchain&#39;s SUI token, the platform would undergo a massive unlock of 17.68 million tokens on September 3. The price dipped by 2.35%, finding equilibrium at $0.502. SUI, a lesser-known but promising project, would need to demonstrate its potential to attract bullish sentiment post-unlock.IMX would also join the list of impacted cryptocurrencies on September 9. With an expected unlock of a total 10.46 million tokens, IMX saw a decline of 3.05%, trading at $0.564. Given its promising technology, the market would closely monitor how IMX reacts in the coming days.Read full article at <a href="https://cryptotale.org/september-sees-significant-token-unlocks-in-cryptocurrencies-exceeding-225-million/" rel="noopener noreferrer nofollow">CryptoTale.</a>

September Sees Significant Token Unlocks in Cryptocurrencies Exceeding $225 Million

CryptoTale

Other articles published on Sep 1, 2023

XRP Ledger’s Clawback Feature Addresses Safety and Trust

Coinbase vs. SEC Lawsuit Takes a Dramatic Turn as High-profile Attorney Patrick Kennedy Steps In

XRP Attorney and Ripple CLO Celebrate the SEC’s Failure in Court

OKX ventures into India, reveals 200K wallet users

Crypto Market Analysis: Shiba Inu (SHIB) And Dogecoin (DOGE) On The Edge Of Bearish Channel Pattern

AMA WITH THE CEO

Join our free newsletter for daily crypto updates!