Binance Square
LIVE
LIVE
0xChairman
Bearish
--19.1k views
📈BULL or BEAR? Watchout for These 3 Token Unlocks This Week📅 Token unlocks release previously restricted tokens, carefully scheduled to avoid market pressure and prevent price drops. However, factors like low liquidity or early profit-taking can significantly affect token prices. Here are 3 major token unlocks to watch this week! 👀 🔮 Pyth Network (PYTH) Unlock Date: May 20 Tokens Unlocked: 2.13 billion PYTH Current Circulating Supply: 1.5 billion PYTH Pyth Network is a decentralized oracle providing real-time financial market data for blockchain applications. With a max supply of 10 billion, Pyth will unlock 2.13 billion tokens on May 20, surpassing the current circulating supply. Around 800 million will go to private sale participants and publishers, while the rest supports protocol development and ecosystem growth. 💬Pyth unlock worth $910M is on 20th May. 141.67% of current supply is being unlocked. ❄️ Avalanche (AVAX) Unlock Date: May 22 Tokens Unlocked: 9.54 million AVAX Current Circulating Supply: 382.77 million AVAX Avalanche is a high-performance blockchain platform for creating and deploying dApps and custom blockchain networks. On May 22, over 9 million AVAX tokens will be unlocked and distributed among strategic partners, the Avalanche Foundation, the team, and airdrop participants. 🌌 Space ID (ID) Unlock Date: May 22 Tokens Unlocked: 18.49 million ID Current Circulating Supply: 430.5 million ID Space ID is a decentralized identity protocol that helps users manage their online identities across multiple blockchain platforms. On May 22, 18 million ID tokens will be added to the circulating supply, mainly going to the Space ID Foundation, the ecosystem fund, and airdrop participants. 🔑 Insights While token unlocks can be bearish, a well-planned schedule aligned with project milestones can boost long-term viability. These unlocks motivate team members, engage the community, and promote ecosystem growth. Keep an eye on these dates for potential market moves! 📅📈 #altcoins #buythedip #bitcoin #BTC #PYTH $PYTH $AVAX $ID

📈BULL or BEAR? Watchout for These 3 Token Unlocks This Week📅

Token unlocks release previously restricted tokens, carefully scheduled to avoid market pressure and prevent price drops. However, factors like low liquidity or early profit-taking can significantly affect token prices. Here are 3 major token unlocks to watch this week! 👀

🔮 Pyth Network (PYTH)

Unlock Date: May 20

Tokens Unlocked: 2.13 billion PYTH

Current Circulating Supply: 1.5 billion PYTH

Pyth Network is a decentralized oracle providing real-time financial market data for blockchain applications. With a max supply of 10 billion, Pyth will unlock 2.13 billion tokens on May 20, surpassing the current circulating supply. Around 800 million will go to private sale participants and publishers, while the rest supports protocol development and ecosystem growth. 💬Pyth unlock worth $910M is on 20th May. 141.67% of current supply is being unlocked.

❄️ Avalanche (AVAX)

Unlock Date: May 22

Tokens Unlocked: 9.54 million AVAX

Current Circulating Supply: 382.77 million AVAX

Avalanche is a high-performance blockchain platform for creating and deploying dApps and custom blockchain networks. On May 22, over 9 million AVAX tokens will be unlocked and distributed among strategic partners, the Avalanche Foundation, the team, and airdrop participants.

🌌 Space ID (ID)

Unlock Date: May 22

Tokens Unlocked: 18.49 million ID

Current Circulating Supply: 430.5 million ID

Space ID is a decentralized identity protocol that helps users manage their online identities across multiple blockchain platforms. On May 22, 18 million ID tokens will be added to the circulating supply, mainly going to the Space ID Foundation, the ecosystem fund, and airdrop participants.

🔑 Insights

While token unlocks can be bearish, a well-planned schedule aligned with project milestones can boost long-term viability. These unlocks motivate team members, engage the community, and promote ecosystem growth. Keep an eye on these dates for potential market moves! 📅📈

#altcoins #buythedip #bitcoin #BTC #PYTH $PYTH $AVAX $ID

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
LIVE
@0xChairman

Explore More From Creator

Is Shiba Inu about to skyrocket by 600%? This analyst thinks so! Shiba Inu, the "Dogecoin Killer," might be gearing up for a major price jump. Market expert Ashish has made a bold prediction: the meme coin could soar by a whopping 600%, potentially hitting $0.000075. Why the optimism? Well, Ashish points to a recent breakout from what he calls a two-year-long snooze in a consolidation pattern. In December 2023, SHIB finally broke free, smashing through a crucial resistance line. This sparked a rally that saw a 370% surge, reaching its peak of $0.000045 in March 2024. But then came a reality check. The price corrected, prompting Ashish to pinpoint strategic buying zones between $0.000022 and $0.000025. SHIB's Flag Pattern According to Ashish's analysis, there's a bullish flag pattern forming on the 1-hour chart. This pattern often signals a breather after a sharp price hike, hinting at another upward swing. Despite a slight dip today, Shiba Inu still seems primed for growth. The daily RSI hovers around 48, suggesting the coin isn't overbought or oversold. This middle ground leaves room for upward movement, backing Ashish's prediction of another surge. Price Predictions What's in store for Shiba Inu? CoinCodex predicts a 220% rise, possibly hitting $0.00008089 by June 24, 2024. Currently, their technical indicators show a neutral stance, while the Fear & Greed Index signals extreme greed. In the last month, Shiba Inu has seen green on 40% of days, with a volatility of 4.40%. These metrics highlight the coin's buzz in the market. Extreme greed indicates high enthusiasm among investors, though it also calls for caution due to potential mood swings. Shiba Inu's moderate volatility and frequent green days suggest a steady climb, though it's still unpredictable. With 20 bullish indicators out of 28, the overall sentiment is cautiously optimistic, reflecting the rollercoaster nature of crypto. In short, Shiba Inu is one to watch. Its potential for a massive rally, combined with market dynamics, makes it an intriguing asset for the foreseeable future. #SHIB $SHIB
--
Big Names Score $2.6 Billion in Discounted Solana from FTX Auction: Any Impact on Solana's Price? In a dramatic conclusion to weeks of auctions, bankrupt crypto exchange FTX has sold $2.6 billion worth of Solana tokens at a deep discount. Figure Markets and Pantera Capital were among the key players snapping up these discounted assets. Figure Markets secured 800,000 Solana tokens for around $80 million, translating to just $102 per token, significantly below the market price of $168. Kyle Chasse, founder of Master Ventures, highlighted the significance of these deals for FTX’s liquidation process. “This marks a pivotal point in FTX’s asset liquidation,” Chassé remarked. Pantera Capital also participated, although their purchase details remain undisclosed. Their ongoing interest in Solana, despite market volatility, underscores their strategic investment vision. Earlier, Pantera aimed to raise $250 million to buy Solana from FTX, reflecting their confidence in its future. Interestingly, this sale did not trigger a massive sell-off. Solana is trading at $168.5, showing a minor 1.73% loss in the last 24 hours, according to BeInCrypto. FTX’s Bankruptcy and Recovery FTX’s downfall, linked to founder Sam Bankman-Fried’s financial mismanagement, has been a major crypto scandal. The exchange owes over $11 billion to more than two million customers and other creditors. Despite this, FTX has uncovered a surplus cash reserve of $16.3 billion, which bodes well for repaying creditors, including interest. FTX’s proactive asset liquidation and the discovery of surplus cash are positive signs for its recovery. The exchange’s revised Chapter 11 plan, pending court approval, aims to ensure fair asset distribution among customers. #buythedip #altcoins #ETHETFsApproved #SOL #EarnFreeCrypto2024 $SOL
--
Uniswap Foundation Reveals Assets and New Fee Proposal, UNI Token Soars 35% in a Week! The Uniswap Foundation has announced an on-chain vote to establish a new fee mechanism by May 31. This news has driven the value of Uniswap's native token, UNI, up by more than 20%. Details of the New Fee Mechanism The proposal aims to implement autonomous fee collection and distribution within Uniswap V3 pools. If approved, the mainnet UniswapV3Factory ownership will transfer to a newly created entity, V3FactoryOwner. However, this vote won't activate the fees yet; that's planned for a future proposal. In February, the Foundation introduced a fee reward mechanism to encourage governance participation among UNI token holders. Despite potential legal hurdles from the US Securities and Exchange Commission (SEC), initial reactions were overwhelmingly positive. Traditionally, Uniswap's fees were distributed solely to liquidity providers (LPs). The new proposal intends to share protocol fees with staked and delegated UNI token holders, fostering more active engagement in the ecosystem. Uniswap's Impressive Earnings Uniswap is a major player in the decentralized finance (DeFi) sector, generating around $3.2 million in fees in the last 24 hours and averaging $3.4 million over the past week. It handles about 30% of all DeFi trades, making it one of the top fee generators in the crypto world. Financial Disclosures and Grant Commitments In another update, the Uniswap Foundation disclosed holding $41.41 million in fiat and stablecoins and 730,000 UNI tokens as of the end of Q1. During this period, the Foundation allocated $4.34 million in new grants and distributed $2.79 million in previously committed grants. "The fiat cash and stablecoins will fund grant making and operations, while the UNI tokens are earmarked for employee awards," the Foundation stated. #ETHETFsApproved #altcoins #buythedip $UNI
--
Climb or Crash? What The First Spot Ether ETF Approval Could Mean for the Markets! Market optimism is high! The SEC's decision on the first spot Ether ETF is due today, 23 May, and it could be a game-changer. If approved, it would mark a significant shift in US crypto regulation, surprising many doubting Thomases. Recent filing updates and amendments requested by the SEC from ETF applicants hint at a possible green light.🚀 Analysts Eric Balchunas and James Seyffart suggest the SEC might reverse its stance on an Ether ETF, despite the political complexities. Crypto enthusiasts predict a price surge for ETH if the ETF gets the nod, driven by fresh investment from traditional markets. Sebastian Heine of Northstake sees this as bullish not just for Ethereum, but the entire crypto market. Solo Ceesay from Citi Bank notes that big money has yet to flow into ETH, suggesting massive potential. However, some foresee a possible pullback. Basel Ismail of Blockcircle anticipates a short-lived dip, similar to reactions seen with Bitcoin ETFs. Peter M. Moricz and Nick Cowan echo this sentiment, predicting a "buy-the-rumor, sell-the-news" scenario with institutional investors capitalizing on retail FOMO. Approval would signal a shift in SEC's approach to crypto, potentially ending its enforcement-first strategy. Jake Chervinsky highlights recent political wins for crypto, which might influence the SEC’s decision. Changes in political support, including Trump's pro-crypto stance, could also impact regulatory attitudes. Post-approval, the market might see new opportunities. Cyril, a DeFi investor, worries about a lack of future catalysts, but Ismail believes the approval could spur innovation in layer 1s, layer 2s, and sidechains, leading to more speculative altcoins and potential new crypto ETFs. The spot Ether ETF decision is highly anticipated and could reshape the crypto landscape. Whether it triggers a rally or a pullback, the approval would mark a significant moment in the evolution of crypto regulation and investment. #ETHETFS #altcoins #ETH #buythedip #PEPE‏ $ETH
--

Trending Articles

View More
Sitemap
Cookie Preferences
Platform T&Cs