Token

The Sandbox

Immutable

Saga

<ul class="news-points wp-block-list"> 
 <li>SAGA has 94% of its supply locked, indicating future selling pressure as tokens unlock.</li> 
 <li>XAI remains bearish with 60% of its supply locked, posing future volatility risks.</li> 
 <li>IMX shows strength with only 25% of its supply locked and steady price gains.</li> 
</ul> 
With the GameFi sector picking up steam, a look at how key projects distribute their tokens shows a range of future supply unlocks. 
Token Unlocks <a href="https://x.com/Token_Unlocks/status/1826907300029976580" target="_blank" rel="nofollow">on an X post</a> shows that Saga (SAGA), Xai (XAI), Immutable (IMX), and The Sandbox (SAND) have very different amounts of locked tokens, which could affect how their prices move. 
Saga (SAGA) is still early in its token distribution. With 94% of its total supply locked up, the project has plenty of room for future token releases. This large locked supply means SAGA could face increased selling pressure as these tokens gradually become available. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf99LABjvuwtKqvfefpo-bDjDs7Ah1G-n_v3zcrtfW6d-QOENtfogW8jXObkC6ZzQd7V0nBm4CEnjjL77DPCOJDJk6at3_mKlLftVkmiQfG-yr6P9x2Bbyux5lY2hP2t4cUfXh5YW34IV81CCeRvHGUDfly?key=vOwldcmIUQ0gJJ4hCOU9iA" alt="">
</figure> 
Despite this, the market seems positive, with SAGA’s price up 8.07% in the past day. It’s currently trading at $1.39, with a market cap of $138.7 million and a 24-hour trading volume of $46.8 million. The daily chart for SAGA shows a recent bullish reversal, with the price climbing above the 9-day EMA and the RSI at 52.01, s…
The post <a href="https://coinedition.com/gamefi-token-unlocks-saga-xai-imx-sand-in-focus/">GameFi Token Unlocks: SAGA, XAI, IMX, SAND in Focus</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

GameFi Token Unlocks: SAGA, XAI, IMX, SAND in Focus

Coin Edition

Other articles published on Aug 23, 2024

FTX Fallout: Michelle Bond Charged After Alleged Illegal Campaign Contributions

Robert F. Kennedy Jr. endorses Donald Trump for U.S. presidency

Crypto Market Recovers as BTC Holds Steady: Altcoins Surge

Bitcoin Price Surpasses $61,000 Before Powell’s Statements

Galaxy research reveals Ethereum’s Dencun upgrade increased failed transactions and L2 bots

Ethereum’s Vitalik Buterin Advises Elon Musk in Recent Conversation

Join our free newsletter for daily crypto updates!