Token unlocks, known for causing significant shifts in the cryptocurrency market, are set to continue at a rapid pace tomorrow. Recently, the notable unlock on AEVO and the subsequent price decline caught the market’s attention. Tokens entering the market through two projects within the next 13 hours are expected to have substantial impacts.
What to Expect from MANTA Token Unlock?
The first token unlock happening today involves MANTA, set to occur in approximately 6 hours. The total value of the tokens to be unlocked in MANTA is estimated to be $3.36 million at the current rate. This translates to 1.87 million MANTA tokens, representing 0.74% of the total supply.
At present, MANTA holds the 162nd position on CoinMarketCap with a market capitalization of $400 million. The current trading price of MANTA is $1.61, reflecting a 2.49% increase. The 24-hour trading volume for MANTA stands at $34 million, following a 10% rise.
Despite the upcoming unlock, a substantial number of MANTA tokens remain locked, with over 687 million tokens still under lock.
How Will Oasis Network (ROSE) Token Unlock Impact the Market?
Oasis Network (ROSE) has always been a cryptocurrency that garners attention. Currently ranked 116th on CoinMarketCap with a market cap of $626 million, ROSE continues to strive towards the top 100. Market participants are keenly watching the token unlock in ROSE, which will take place in approximately 13 hours. This upcoming unlock will release 171 million ROSE tokens, valued at approximately $20.5 million.
Presently, there are 5.81 billion unlocked ROSE tokens, while 1.84 billion tokens remain locked. Interestingly, 2.35 billion ROSE tokens are untraceable, constituting 23.5% of the total supply. ROSE is trading at $0.09319, reflecting a 7% increase. The 24-hour trading volume for ROSE has surged by 18% to $18.3 million, showcasing investor interest.
Investment Insights
For those planning to invest in tokens undergoing unlocks, here are some concrete considerations:
- Monitor trading volumes closely as they often surge around unlock periods.
- Consider the percentage of the total supply being unlocked to gauge potential market impact.
- Be aware of the historical price volatility associated with past token unlocks.
- Ensure to track any untraceable tokens that could influence supply dynamics unpredictably.
These insights can help investors make more informed decisions when navigating the volatility that often accompanies token unlocks.
In conclusion, as the crypto market braces for significant events with the upcoming token unlocks of MANTA and ROSE, investors should stay vigilant and consider the outlined factors to manage risks effectively.