If you hold any of these tokens please take note because you might incur a huge loss because of their upcoming unlocking events.
August is shaping up to be an eventful month for token unlocks, with several major cryptocurrencies preparing to make their grand entrance into the market. Brace yourself for the following jaw-dropping figures:
$SAND - Unlocking $133.14M on August 14: A substantial amount, accounting for 16.16% of the circulating supply. The distribution of these tokens will primarily benefit the team, advisors, and investors. Keep an eye out for potential price fluctuations as investors and advisors may be tempted to sell, although the current token price already reflects some anticipation of this unlock.
$WLD - Daily Unlock of $7.26M: The token of Worldcoin, this ticking time bomb boasts a market cap of only $270M, but its fully diluted valuation is an astonishing $22.8B! However, most of the tokens entering circulation are allocated to the community and governed by the team, with market makers holding the majority of the current circulating supply.
$AVAX - Unlocking $118.7M on August 26: Representing 2.76% of the circulating supply, these tokens will predominantly find their way to the team and strategic partners. While previous token unlocks caused temporary price drops, the impact was short-lived. Will history repeat itself?
$OP - Unlocking $41.3M on August 30: Accounting for 3.37% of the circulating supply, these tokens are allocated to investors and core contributors. Despite the unlock, there's a buzz of excitement surrounding the project, making a significant price decrease unlikely. Count me in as a non-believer in shorting this one!
$INJ - Entering Circulation on August 21: 3.41% of the INJ circulating supply will be unleashed, all earmarked for "ecosystem development" and under the control of the team. If the team decides to sell these tokens, it will likely occur gradually over a few months. While some selling pressure may arise, a catastrophic drop is not expected.
Prepare yourself for an eventful August as these tokens unlock and enter the market. Stay tuned for potential price fluctuations and exciting developments.
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