This weekend and next week, expect many crypto tokens to unlock. These events usually bring more tokens into the market, pushing prices down. With significant amounts about to be released, brace for an impact on token prices.

TokenUnlocks data highlights major crypto token unlocks slated for this weekend and the upcoming week. These events have a known impact on cryptocurrency prices. Usually, unlocks result in more assets circulating, adding to selling pressure and influencing prices.

Upcoming Crypto Token Unlock Events

MEME Token Unlock: On May 3, over 5.31 billion MEME tokens, valued at $155.98 million, representing 31.97% of the circulating supply, will unlock. They will be distributed through a community airdrop, to advisors, and investors. Additionally, starting May 3, a linear unlocking of 49.47 million MEME tokens, worth $1.45 million, will occur daily.
dYdX Token Unlock: On May 1, the dYdX ecosystem will unlock 33.33 million DYDX tokens valued at $73.33 million, making up 10.72% of the existing circulating supply. These tokens will be distributed to founders, employees, future employees, and advisors.
Optimism (Ethereum L2) Unlock: On April 29, a lockup worth $58.47 million will be unlocked, distributing 24.16 million OP tokens to core participants and investors.
Echelon Prime Token Unlock: On April 30, the Echelon Prime network will unlock 1.66 million PRIME tokens, valued at $30.03 million, representing 4.43% of the circulating supply.
Sui Ecosystem and Manta Network Unlocks: Also on April 30, the notable Sui ecosystem will unlock 4 million SUI tokens valued at $4.88 million. Additionally, Manta Network will release 1.87 MANTA tokens worth $3.40 million into the market.

Ethena Token Unlock: Tokens valued at $46.71 million, representing 3.76% of the circulating tokens, will unlock for Ethena.
Tokens Unlocking Soon: What to Expect
On April 27, Saturday, the Yield Guild Games ecosystem will unlock 16.69 million YGG tokens valued at $15.12 million. This release will account for 4.57% of the circulating supply entering the market.
On April 28, Sunday, the artificial intelligence crypto ecosystem SingularityNET will draw investor attention with the unlocking of 8.84 million AGIX tokens. This unlock, valued at $8.32 million, will represent a transaction marking 0.69% of the circulating tokens.
Impact on the Market
These upcoming unlock events in the following days are observed to negatively affect the market. Generally, these unlocks lead to price drops if the necessary market volume is not maintained.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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Worldcoin is planning to increase the supply of its tokens by up to 19% in the next six months through private sales.This increase in token circulation is expected to dilute the value of the existing tokens.Worldcoin aims to sell the tokens at a price close to the current market price to minimize the negative impact on the price.Despite the planned increase in supply, analysts believe Worldcoin remains bullish in the long term, as long as the price stays above a certain level.A break above $6 could signal a price increase towards $14.23.

Increasing Token CirculationIn a recent blog post, Worldcoin revealed plans to gradually release between 0.5 million and 1.5 million $WLD tokens per week to select trading firms outside the US. Managed by World Assets, a company under the Worldcoin Foundation's umbrella, this initiative aims to inject approximately 36 million new tokens into the market over the span of six months.At current market rates, this sell-off strategy is anticipated to yield around $197 million in total. World Assets intends to execute private placements for these WLD tokens over the course of six months, aiming to negotiate sales close to market prices to mitigate potential bearish impacts.Impact on WorldcoinThe influx of 36 million additional tokens into circulation is expected to significantly affect the value of $WLD . With a current circulating supply of approximately 194 million out of a total supply of 10 billion tokens, the introduction of these new tokens may dilute the value of $WLD , given the relatively small percentage of circulating supply compared to the total.Worldcoin Analysis and ForecastWorldcoin's market capitalization currently stands at around $1 billion, positioning it as the 98th largest cryptocurrency by market cap. Despite the impending increase in token circulation, Worldcoin has shown resilience in its price trends, bouncing off ascending trendlines and indicating bullish sentiment in the long term.Chart analysis suggests that $WLD $WLD pported by an ascending trendline, with significant resistance observed around $6. Should this level be breached, it may pave the way for further bullish momentum, potentially targeting a price point of $14.23.DisclaimerWhile the Voice of Crypto endeavors to provide accurate and timely information, readers are encouraged to conduct their own research and make informed financial decisions. Cryptocurrencies are volatile assets, and caution should be exercised when trading or investing in them.

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