This Token Will Unlock 17% of Its Circulating Supply in August

2023-7-31 19:00

Around 30 projects’ token unlocks are scheduled in August, adding a potential selling pressure of around $495 million.

The price of investment assets depends on supply and demand. If the proportion of supply increases and demand remains the same or decreases, the price plummets. In contrast, the price shoots up if demand increases and supply remains the same or decreases.

During token unlocks, there is an introduction of fresh supply. However, the demand might not necessarily go up. Hence, in general cases, there is a negative impact on price.

$143 Million Worth of Sandbox Tokens (SAND) Unlock in August

As per data compiled by BeInCrypto from TokenUnlocks, over 300 million SAND tokens will enter into circulation in August.

On August 14, the project will release 332.55 million SAND worth $142.45 million into circulation. This token unlock consists of 17.19% of the circulating supply.

The Sandbox wants to allocate the upcoming unlocking as follows:

71.25 million tokens worth $30.52 million for the team. 37.50 million tokens worth $16.06 million for the advisors. 96.84 million tokens worth $41.48 million for company reserves. 24 million tokens worth $10.28 million for strategic sales. 102.96 million tokens worth $44.10 million for seed sales.

A community member called the upcoming SAND token unlock “absolutely insane.”

SAND token unlock. Source: TokenUnlocks Avalanche (AVAX) Would Unlock Supply For Airdrop Winners And Others

On August 26, Avalanche will unlock an additional 2.76% of tokens worth $124.33 million. The company will release 9.54 million tokens for the following beneficiaries:

Learn more about the best upcoming airdrops of 2023 here.

2.25 million tokens worth $29.32 million for strategic partners 1.67 million tokens worth $21.72 million for the Avalanche Foundation. 4.50 million tokens worth $58.64 million for the team, and 1.13 million tokens worth $14.66 million for airdrop winners. AVAX token unlock. Source: TokenUnlocks

Additionally, other projects will also release millions into circulating supply. Some of them are as follows:

$40 million Optimism (OP) unlock on August 30 $32 million Aptos (APT) unlock on August 12 $29 million ApeCoin (APE) unlock on August 17

And dYdX’s $13.30 million unlock is due on Aug. 1. The unlock consists of 3.81% of the circulating supply. However, there is not much impact on the price of the token. As of writing, it is down by 2.11% in the past 24 hours. 

dYdX price. Source: BeInCrypto

Got something to say about token unlocks in August or anything else? Write to us or join the discussion on our Telegram channel. You can also catch us on TikTok, Facebook, or X (Twitter).

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

The post This Token Will Unlock 17% of Its Circulating Supply in August appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Supply Shock (M1) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 M1

supply august tokens circulating token sand sandbox

supply august → Результатов: 83


Фото:

More Litecoin Addresses Holding At least 100 LTC Are Created Ahead Of The Halving Event

The upcoming Litecoin halving on August 2nd has generated heightened trader enthusiasm and interest in the cryptocurrency market. As the event draws nearer, more investors and traders have become aware of its potential impact on Litecoin’s supply dynamics, leading to a notable increase in the creation of new addresses holding at least 100 LTC. The […]

2023-7-22 12:00


СМИ узнали о запрете майнинга в китайской провинции Юньнань

Власти уезда Инцзян провинции Юньнань (Китай) потребовали от гидроэлектростанций прекратить незаконное энергоснабжение майнинговых ферм, сообщает журналист Колин Ву. Yunnan Yingjiang requires that all illegal power supply to Bitcoin "mining" be stopped, and the removal shall be carried out before August 24, otherwise the government will forcibly remove it.

2021-8-24 16:31


Фото:

Volvo Leverages Blockchain to Tackle Conflict and Child Labour in the Cobalt Supply Chain

Volvo, one of the world’s foremost car manufactures, has adopted blockchain technology in a humanitarian manner. As per an article posted by The Business Times, August 5, 2019, the carmaker is using the tech to monitor the supply of cobalt coming from the Democratic Republic of Congo, as to assure investors and customers that they’reRead MoreRead More.

2019-8-5 19:00


Фото:

Chinese Listed Companies and Bitcoin Mining: Partner or Predator?

This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the country’s tough stance on bitcoin.

2019-5-29 18:53