The on-chain data website DefiLlama recently announced the launch of the "Token Unlock Tracking" function. In addition to providing detailed token data, it also records major events that may affect token prices in the future, helping investors prepare for price fluctuations before trading. Be on guard.
We've added unlocks tracking to DefiLlama!
Now you can see the next big unlock, track how many tokens are emitted each day and monitor major changes in the unlocks schedulehttps://t.co/mweeBZRkx5 pic.twitter.com/Hq66Quh3vV
— DefiLlama.com (@DefiLlama) March 31, 2023
DefiLlama “Token Unlock Tracking” Function Introduction
On the page of the token unlock function, DefiLlama lists the token price, market value, total supply, lock-up ratio and daily unlock volume from left to right, allowing users to obtain basic information about the token at the first time.
In addition, in the "Next Event" field, DefiLlama records major events that may affect the price of tokens. For example, the Aptos column records that APT community tokens worth $36.88 million will be unlocked on 4/12, while the ApeCoin section records that APE ecological funds worth $31.06 million will be unlocked on 4/16.
With this information, investors can be warned of short-term price trends before buying and avoid buying before a possible sell-off. In addition, the relationship between the lock-up ratio and the token market value can also be used as a reference to determine whether the price is reasonable and whether the current price will be too high after the tokens are successively unlocked.
After finding the token you want to search for, click on it to get more detailed information. In addition to the method of token distribution, you can also see which stage of the token you are currently in from the unlock map, so that investors can make a more comprehensive judgment and token layout.
The above is an introduction to the new features of DefiLlama this time. If you want to see other features launched by DefiLlama, you can check the following list:
DeFi Strategy List
Multi-chain DEX aggregator
Delta Neutral Trading Strategies List
Smart contract tracking function
Loan Agreement Llamalend
DeFi Wikipedia
This article DefiLlama launches the "Token Unlock Tracking" function, no longer stuck due to the unlock sell-off trend! First appeared in Chain News ABMedia.