PIXEL

Million

Billion

<ul class="list-ic vertical">
 <li>1 <a>ID, GRT, APE, MANTA, ZKJ, and PIXEL would unlock $100 Million worth of tokens.</a></li>
 <li>2 <a>AVAX would be unlocking assets worth more than $250 Million.</a></li>
</ul>
The cryptocurrency market is going to witness a major event this entire week, which could be a supply shock.
The tweet from iCryptoAI highlights seven crypto assets on X that can unlock nearly $450 Million worth of tokens from June 17th to 23rd, 2024.&nbsp;
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 <blockquote class="twitter-tweet">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f308.png" alt="🌈" class="wp-smiley" style="height: 1em; max-height: 1em;"> Top 7 Projects Will Unlock Tokens this Week | June 17 – 23 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f62c.png" alt="😬" class="wp-smiley" style="height: 1em; max-height: 1em;"> (powered by <a href="https://t.co/kFF8LDumzs" rel="noopener noreferrer nofollow">https://t.co/kFF8LDumzs</a>) 1. <a href="https://twitter.com/search?q=%24GRT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$GRT</a> – $20.54M ~ 0.92% MCap – June 17 2. <a href="https://twitter.com/search?q=%24APE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$APE</a> – $16.31M ~ 2.45% MCap – June 17 3. <a href="https://twitter.com/search?q=%24MANTA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MANTA</a> – $17.5M ~ 4.24% MCap – June 18 4. <a href="https://twitter.com/search?q=%24ZKJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ZKJ</a> – $17.3M ~ 17% MCap – June 19 5. <a href="https://twitter.com/search?q=%24PIXEL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PIXEL</a> -… <a href="https://t.co/VRO4ABNZ98" rel="noopener noreferrer nofollow">pic.twitter.com/VRO4ABNZ98</a>— iCrypto | Sentiment &amp; On-chain Analysis (@iCryptoAI) <a href="https://twitter.com/iCryptoAI/status/1802544025662300664?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 17, 2024</a>
 </blockquote>
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A supply shock generally occurs when a substantial amount of previously locked crypto tokens becomes available to the public. That unlock occurs due to a certain locked period’s expiration in the crypto tokens, where it’s distributed to early investors or developers and becomes tradable.
The Global crypto market capitalization by CoinMarketCap stands at $2.41 Trillion. These seven assets inclusively stand at $15 Billion in M.C. AVAX has the highest in these seven assets, which stands at $11.415 Billion, and the second top in these seven assets is GRT at $2.095 Billion. Meanwhile, APE has a market cap of $626.36 Million, <a href="https://www.thecoinrepublic.com/2024/03/05/manta-network-crypto-at-a-make-or-break-level-whats-next/" target="_blank" rel="noopener noreferrer nofollow">MANTA </a>has 391.79 Million, ID has $279.35 Million, PIXEL has $259.05 Million, and ZKJ has the lowest market cap among the seven cryptos, which is $67.13 Million.
<h2 class="wp-block-heading" id="strong-here-s-a-breakdown-of-the-major-unlocks-this-week-to-watch-strong">Here’s a breakdown of the major unlocks this week to watch:</h2>
– GRT tokens, valued at approximately $20.54 Million, with over 0.92% market capitalization, will be unlocked on June 17th.
– APE tokens worth around $16.31 Million, with over 2.45% Market Capitalization, would be unlocked on June 17th.
– MANTA tokens, valued at $17.5 Million, with over 4.24% Market Capitalization, would be unlocked on June 18th.
– ZKJ tokens worth approximately $17.3 Million, with over 17% Market Capitalization, would probably be unlocked on June 19th.
– PIXEL tokens, valued at $19.36 Million, with over 7.13% Market capitalization, would be unlocked on June 19th.
– AVAX tokens, valued at $282.1 Million, with over 2.43% Market Capitalization, would be unlocked on June 21st.
– ID tokens, valued at $78.49 Million, with over 18.2% Market Capitalization, would be unlocked on June 22nd.
According to iCrypto AI, these tokens’ prices may be pushed up, as buyers could accumulate before and after the unlock.
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Supply Shock | By Blacktokenomics
However, as per some sources, this event appears to be bearish, which could lead to a decline in major token prices due to the potential impact on the market’s supply and demand dynamics.
<h3 class="wp-block-heading" id="strong-how-would-it-impact-supply-dynamics-of-those-tokens-strong">How Would It Impact Supply &amp; Dynamics of Those Tokens?</h3>
Correspondingly, the asset supply grows dramatically when many tokens are unexpectedly discharged into the crypto market. If the demand for these tokens does not advance at the same rate, then the surplus supply of those assets could decline their price.
Moreover, there is another weakness to this event. If the unlocked tokens belong to investors waiting to trade those unlocked crypto assets, they may also do so.&nbsp;
Likewise, this would further increase the selling force in the market. It could further propel the asset prices downward, mainly if many investors sell their holdings momentarily after the unlock event.
<h4 class="wp-block-heading">Summary</h4>
The expected token unlocks this week could lead to a bearish sentiment in the crypto market. If the new supply of tokens outruns demand, the prices of the impacted assets could potentially decline.
<h5 class="wp-block-heading">Disclaimer</h5>
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Major Token Unlocks This Week: 7 Crypto Assets To Watch For!

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