Token

ApeCoin

Coin

<ul class="news-points"> 
 <li>Apecoin faces a critical $54.8 million token unlock on Sept 17, stirring market anxiety.</li> 
 <li>Despite an 80% YTD price decline, shorting APE ahead of the unlock event is risky.</li> 
 <li>APE’s technical indicators signal a potential for further price drops amid strong bearish sentiment.</li> 
</ul> 
September stands as a whirlwind month for the cryptocurrency community. Significantly, <a href="https://coinedition.com/tag/apecoin-ape/">ApeCoin (APE)</a> is gearing up for a colossal token unlock on September 17 worth $54.8 million, or 11% of the market’s circulating supply. 
Analysts predict that insiders and launch donors will get a substantial proportion of these coins. Furthermore, previous instances of such an unlock resulted in a steep drop in APE value. As a result, traders are looking for similar market responses. 
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 Large token unlocks in September <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c5.png" alt="📅" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f342.png" alt="🍂" class="wp-smiley" style="height: 1em; max-height: 1em;"> • <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f7e3.png" alt="🟣" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SOL</a> – $10.3M (from Staking), September 09 • <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26ab.png" alt="⚫" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24IMX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$IMX</a> – $10M, September 09 • <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f7e2.png" alt="🟢" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24APT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$APT</a> – $25M, September 12 • <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f7e0.png" alt="🟠" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24APE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$APE</a> – $54.4M, September 17 • <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f535.png" alt="🔵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24DYDX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$DYDX</a> – $13.6M, September 26 • <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f534.png" alt="🔴" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24OP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$OP</a> – $32M, September 30 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a1.png" alt="💡" class="wp-smiley" style="height: 1em; max-height: 1em;"> Highlighting of this:… <a href="https://t.co/FjLonKre6b" target="_blank" rel="nofollow">pic.twitter.com/FjLonKre6b</a>— AlΞx Wacy 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f310.png" alt="🌐" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@wacy_time1) <a href="https://twitter.com/wacy_time1/status/1699075065952755780?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 5, 2023</a>
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Given <a href="https://coinedition.com/apecoin-ape-price-prediction/">APE’s price</a> drop throughout the year, Alex Wacy a crypto analyst, flagged the risks…
The post <a rel="nofollow" href="https://coinedition.com/ape-token-unlock-looms-will-apes-price-collapse-on-sept-17/">APE Token Unlock Looms: Will $APE’s Price Collapse on Sept. 17?</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

APE Token Unlock Looms: Will $APE’s Price Collapse on Sept. 17?

Coin Edition

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