Unlock the Potential: Upcoming Unlocks of 1INCH, DYDX, OP, HBAR & More
• This week, several notable tokens such as AGIX, GAL, DYDX, OP, EUL, NYM, 1INCH and HBAR are scheduled to undergo substantial unlocking.
• The anticipated token unlocks could significantly impact crypto market prices and trading dynamics.
• Highlighted tokens include dYdX releasing 6.52 million DYDX tokens worth approximately $14.41 million, Optimism’s 24.16 million OP tokens worth approximately $35.03 million and Hedera’s 1.15 billion HBAR tokens amounting to approximately $67.23 million.
Upcoming Token Unlocks
This week is poised to bring about a wave of significant token unlocks that could potentially impact prices and trading dynamics in the crypto market . According to Token Unlocks, several notable tokens are scheduled to experience substantial unlocks: AGIX, GAL, DYDX, OP, EUL, NYM, 1INCH, HBAR and ACA .
One of the highlights of the week’s unlocks is dYdX’s release of 6.52 million DYDX tokens , which translates to approximately $14.41 million at the current price . The unlocking of these tokens is expected to inject considerable volume into the market , potentially influencing trading patterns and investment strategies .
Optimism is gearing up for another substantial unlock , releasing 24 . 16 million OP tokens worth around $35 . 03 million hitting the market .
Hedera’s unlocking of 1 . 15 billion HBAR tokens , amounting to approximately $67 . 23 million has also garnered attention for its potential effects on its market standing and ecosystem development .
Current Market Status
According to CoinMarketCap , the price of dydx has shown a 4% increase in the last 24 hours , trading at $ 2.16 , accompanied by a significant 104% surge in its daily trading volume , now standing at $ 80million . Notably , dydx has experienced a remarkable surge of over 13 % in the previous week