The Sandbox

BitMEX Token

Aptos

<ul><li>August sees $212M token unlock across major crypto projects.</li><li>SAND&#39;s $133M unlock could impact the token&#39;s market dynamics.</li><li>Aptos and Injective gear up for a notable token unlock this month.</li></ul>As the heart of summer beats on, the crypto world finds itself poised for an impactful August, with five significant projects set to unlock tokens valued at over $212 million. The high-profile cryptocurrencies on the roster include Sandbox (SAND), DAO Maker (DAO), STEPN (GMT), BitMex (BMEX), and Aptos (APT). These scheduled unlocks are expected to reshape the digital investment landscape, impacting the token prices and market dynamics.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/f01622d952584bd285b18fa275c2aa1c.png" />Despite the inevitable supply surge that typically exerts downward price pressure, the extent of these effects varies. Factors such as the number of tokens unlocked, recipient details, and the underpinning project fundamentals, coupled with overarching market conditions, play defining roles.At the forefront is <a href="https://cryptotale.org/the-great-sand-shake-up-thesandbox-whale-moves-250m-in-cryptocurrency/" rel="noopener noreferrer nofollow">SAND</a>, unlocking on August 14th, releasing a whopping $133.14M in tokens. This equates to 16.16% of the current supply, predominantly reserved for the team, advisors, and key investors. The potential offloading by these entities might cause some price depreciation. However, according to CoinMarketCap, SAND is trading near its 2023 low, indicating a potential pre-emptive market reaction.In the same vein, <a href="https://cryptotale.org/makerdao-introduces-enhanced-dai-savings-rate-to-foster-early-bootstrapping-and-growth/" rel="noopener noreferrer nofollow">DAO Maker</a> is buoying on a slight price uptick, the effect of which may extend to the upcoming unlock event. According to people familiar with the matter, however, the implications of the GMT tokens unlock from the web3 lifestyle platform Stepn may follow a different trajectory, given their linear unlock strategy and declining prices. At press time, GMT was trading at <a href="https://coinmarketcap.com/currencies/green-metaverse-token/" rel="noopener noreferrer nofollow">$0.2108</a>, a 1.50% surge in the past 24 hours.Read full article at<a href="https://cryptotale.org/august-crypto-unlocks-can-cause-a-212-million-tidal-wave-report/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

August Crypto Unlocks Can Cause a $212 Million Tidal Wave: Report

CryptoTale

Các bài viết khác được xuất bản trên 7 thg 8, 2023

DOGE, QUBE On Investors’ Radar as Elon Musk Plans Big Moves in Twitter and AI

Shiba Inu Prepares For A Bullish Surge From This Key Support! The Unexpected SHIB Price Twist You...

The Ultimate PlayDapp Revolution: Elevate Your Experience with Mikey Token Staking

Hong Kong Regulator Warns of ‘Criminal’ Implications for Improper Crypto Exchange Practices

BitGPT- An Exchange That’ll Make Trading Better Than Ever

New Project Bitcoin Spark Takes Bitcoin And Ethereum And Improves On Both Of Them

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!