Cryptocurrency

Aptos

Meta

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/cryptocurrency-market-faces-key-unlock-events/" data-wpel-link="internal">Cryptocurrency Market Faces Key Unlock Events</a><br></p>
<p style="text-align: justify">One of the biggest market pressures in cryptocurrencies, key unlock events, continues to occur. Next week, attention will be on three different cryptocurrencies. These events could show <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> varying price movements in these three cryptocurrencies.</p> 
<h2 style="text-align: justify" id="aptos-apt-key-unlock">Aptos (APT) Key Unlock</h2> 
<p style="text-align: justify">First up is Aptos (APT), known as a layer-1 blockchain created by former Meta engineers. Aptos will unlock 11.31 million APT tokens valued at $103.48 million, introducing a large supply to the market. The foundation will acquire a small share, purchasing 1.33 million tokens worth $12.20 million.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-360340" src="https://coin-turk.com/wp-content/uploads/2024/06/aptos-coin-turk-com.png" alt="" width="772" height="279"></p> 
<p style="text-align: justify">A significant share is allocated for the community and core contributors, with 3.21 million and 3.96 million tokens worth $65.59 million in total. Investors will also receive 2.81 million APT tokens worth $25.69 million.</p> 
<p style="text-align: justify">After the unlock event, Aptos’s supply will increase by 2.6% on June 12, potentially creating significant selling pressure.</p> 
<h2 style="text-align: justify" id="immutablex-imx-updates">ImmutableX (IMX) Updates</h2> 
<p style="text-align: justify">ImmutableX (IMX), which recently announced a major P2E airdrop, is also seeing developments. Following these developments, a 1.7% increase in supply will occur on June 14, indicating a significant market entry. For <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">ecosystem</a> and project development, 25.53 million IMX tokens will be unlocked.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-360339" src="https://coin-turk.com/wp-content/uploads/2024/06/immutablex-coin-turk-com.png" alt="" width="663" height="366"></p> 
<p style="text-align: justify">56.93 million IMX tokens will be entirely owned by the team, indicating a substantial share in the hands of the management group.</p> 
<h2 style="text-align: justify" id="will-ripple-sell-xrp">Will Ripple Sell XRP?</h2> 
<p style="text-align: justify">A significant selling pressure is also forming around <a href="https://en.coin-turk.com/what-to-expect-for-ripple-and-bitcoin-xrp-eth-and-btc/" data-wpel-link="internal">XRP</a>. Ripple unlocked another 1 billion XRP in June, with 200 million tokens set for sale and an additional 200 million tokens held without being re-locked.</p> 
<p style="text-align: justify">Recently, Ripple moved 150 million XRP to exchanges. Ripple’s treasury account still holds 250 million tokens awaiting transfer, suggesting the market may be under pressure from Ripple.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-360341" src="https://coin-turk.com/wp-content/uploads/2024/06/xrp-coin-turk-com.png" alt="" width="775" height="240"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/cryptocurrency-market-faces-key-unlock-events/" data-wpel-link="internal">Cryptocurrency Market Faces Key Unlock Events</a></h5>

Cryptocurrency Market Faces Key Unlock Events

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