Millions of dollars worth of locks will be opened in 7 altcoins this week - Coin Bulletin

2024-06-02 22:45:47

This week, a total of tens of millions of dollars worth of lock opening will take place in 7 altcoins.

According to Token Unlocks data, approximately $13 million worth of unlocks will occur in a total of 7 altcoin projects, including LQTY (LQTY), Galxe (GAL), and Pendle (PENDLE), between June 3rd and June 9th.

In general, the release of more than 1% of the circulating supply at lock openings has a significant negative impact on the price. In this context, the lock openings for Galxe (GAL) and Hashflow (HFT) are important in the coming week.

Attention to GAL!

Especially noteworthy is the token unlocking with a value of $7.34 million, taking into account the circulation supply of 1.76%. The unlocking with a value of $4.18 million in HFT should be considered with a supply rate of 3.41%.

The unlocking of cryptocurrencies will take place as follows:

Liquity (LQTY): The lock on 657 thousand assets worth $775 thousand will be released as of 15:00 UTC on June 5th. 0.79% of the circulating supply will be released.
Galxe (STRK): The lock of 2.03 million assets, worth $7.26 million, will be opened as of June 5th, 15:00 (GMT+3). 8.79% of the circulating supply will be released.
Pendle (PENDLE): Locks of 37,000 assets worth $229,000 will be unlocked throughout the next week. The unlocking process will start at 15:00 (GMT+3) on June 5th. 0.17% of the circulating supply will be released.
Euler (EUL) 285 thousand dollars worth of assets will be unlocked as of June 6, 08.14 UTC. 0.34% of the circulating supply will be released.
Hashflow (HFT) The lock of 13.62 million assets worth $4.01 million will be opened as of 15:00 on June 7, GMT. 3.36% of the circulating supply will be released.
Gmx (GMX**) $15,000** worth of assets will be unlocked as of 15:00 on June 9th, GMT. 0.03% of the circulating supply will be released.
1inch (1INCH) There are 21 thousand locked assets worth 10 thousand dollars. Less than 1% of the circulating supply will be released as of June 9, 11:00 AM GMT.

TOKEN-8.07%

LQTY-6.3%

PENDLE-4.89%

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