The cryptocurrency market is set to experience significant fluctuations due to key unlock events involving three major cryptocurrencies next week. These events could lead to varied price movements, capturing the attention of investors and analysts alike.
What Will Happen with Aptos (APT)?
The first major event involves Aptos (APT), a layer-1 blockchain developed by former Meta engineers. Aptos is scheduled to release 11.31 million APT tokens into the market, valued at $103.48 million. While the foundation will buy back 1.33 million tokens worth $12.20 million, a large share will be allocated to the community and core contributors.
This release includes 3.21 million tokens for the community and 3.96 million tokens for core contributors, totaling $65.59 million in value. Additionally, investors are set to receive 2.81 million APT tokens worth $25.69 million. Following this unlock event on June 12, Aptos’s supply will increase by 2.6%, potentially leading to significant selling pressure.
How Will ImmutableX (IMX) Be Affected?
ImmutableX (IMX) will also see a notable event next week. Following the announcement of a major P2E airdrop, the supply of IMX tokens is expected to rise by 1.7% on June 14 with the unlocking of 25.53 million tokens. These tokens will be directed towards ecosystem and project development, signaling a significant market entry.
Additionally, the team will hold 56.93 million IMX tokens, indicating a considerable share retained within the management group. This allocation could have substantial implications for the market dynamics of IMX.
Will Ripple’s XRP Sale Impact the Market?
Ripple has unlocked another 1 billion XRP tokens, with plans to sell 200 million and keep another 200 million without re-locking. Recently, Ripple moved 150 million XRP to exchanges, with 250 million tokens still held in the treasury account awaiting transfer. These activities suggest that XRP could face notable selling pressure.
Key Inferences for Investors
Investors should consider the following:
- Monitor Aptos’s market activity around June 12 due to the 2.6% supply increase.
- Keep an eye on ImmutableX’s developments on June 14, with a 1.7% supply boost.
- Track Ripple’s XRP sales and transfers as they could impact market stability.
These insights can help investors navigate the market’s potential volatility during these key periods.
In summary, the upcoming week holds significant events for Aptos, ImmutableX, and Ripple’s XRP. Investors are advised to stay informed and vigilant, as these unlock events could lead to notable shifts in the cryptocurrency market.