This Week, APT Coin and O 12 Cryptos Enter the Market in Millions!

The cryptocurrency market offers an exciting and fast-changing environment for investors. While it is important to keep track of price fluctuations and market trends, it is equally important to research basic information before making investment decisions. This week, we will take a look at significant token unlockings, including APT coin and PENDLE, which will take place in the second week of July 2024, and their potential impacts.

Locks are opening in APT coin and other cryptocurrencies.

This week, many altcoin projects will unlock their locks. The following cryptocurrencies are particularly noteworthy:

• 1INCH (1INCH): On July 8th, 32.14 thousand tokens will be unlocked. This amount represents 0.01% of the market value and is unlikely to have a significant impact on the price.

• GMX (GMX): 403.23 thousand tokens will be unlocked on July 9th. This amount constitutes 0.01% of the market value and is expected to have a limited impact on the price, similar to 1INCH.

• XAI (XAI): A significant key unlocking will take place on July 9th. 198.4 million tokens will be unlocked, which accounts for 29% of the market value. This situation may cause significant selling pressure on XAI price and lead to price declines in the short term.

• DyDx (DYDX): Unlocking of 1.55 million tokens will take place on July 9th. This amount constitutes 0.68% of the market value and, although not as impactful as XAI, it may cause some price fluctuations.

• Pendle (PENDLE): 35.64 thousand tokens will be unlocked on July 10th. This amount constitutes 0.02% of the market value and is expected to result in a significant price movement.

• Moonbeam (GLMR): 3.04 million tokens will be unlocked on July 11th. This amount represents 0.34% of the market value and may have a small to medium impact on the price.

• IO (IO): On July 11, 2.11 million tokens will be unlocked. This amount represents 2.22% of the market value and may have a small to medium impact on the price, similar to GLMR.

• Immutable (IMX): On July 12th, 32.47 million token lock will be released. This amount constitutes 2.15% of the market value and may cause significant selling pressure on the IMX price, leading to price declines in the short term.

• Aptos (APT): On July 12, 11.31 million tokens will be unlocked. This amount constitutes 2.49% of the market value and may cause significant selling pressure on the price similar to IMX, leading to price declines in the short term.

• Forta (FORT): 50 thousand tokens will be unlocked on July 14th. This amount constitutes 0.01% of the market value and is expected to have a limited impact on the price, similar to 1INCH and GMX.

• Ethena (ENA): 14 million tokens will be unlocked on July 14th. This amount constitutes 0.87% of the market value and may have a small to medium impact on the price.

• Optimism (OP): On July 15th, 10 million tokens will be unlocked. This amount represents 0.89% of the market value and may have a small to medium impact on the price.

• Starknet (STRK): 64 million tokens will be unlocked on July 15th. This amount constitutes 4.92% of the market value and may exert significant selling pressure on the STRK price, leading to short-term price declines.

What should investors pay attention to?

Each of the token unlockings listed above is likely to have a different impact on the price. The impact will vary depending on the amount of tokens unlocked, market conditions, and investor sentiment. There is a higher probability of a greater impact on the price in projects with a large amount of token unlocks, such as XAI, IMX, APT, and STRK. This is especially true for projects with low market volume.

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