12 Coins Will Unlock Their Supply This Month, So Avoid Them
VCs | Time | Drop | Chance | Analysis | WHY Avoid
In February, the supply of a number of popular coins will be unlocked. This will boost market supply, causing coin prices to fall or become volatile. If you want to invest in these coins, you should wait a while since it will be useful for trading.
When the market is rising at the time of supply unlock, the coin’s price does not fall, but when it begins to fall, even little, more dumps are observed in all of these coins. In this scenario, there is less demand for the coin and more supply, which causes the price to fall.
The price of the token is sometimes increased throughout the vesting period by the venture capitalists (VCs) sponsoring the business in order to maintain the token’s value and draw attention to them.
These tokens are available at a lower price during the vesting month, so if you want to invest, do it after the drop and, if you have the opportunity, open a short position.
Don’t get into too much detail; all you’ll see is the token’s name and unlock date. It is a brief article, but it is important.
STEPN (GMT)
GMT’s name has become well-known in the world of gaming tokens. Its vesting takes place on a monthly basis. Its vesting was completed yesterday, however the tokens will be unlocked again in 25 days, so keep an eye on it.
GMT tokens have been unlocked, but the market is rising, but selling pressure is not arrived yet. When the market begins to fall, GMT may see more decline.
Galxe (GAL)
The price of GAL token has been rising for many days, however there may be some problems ahead because 3.807% of the supply will be released on February 5th. It has a volume of approximately 7,614,266 GAL and a monetary worth of 18 million dollars. In GAL we might get a short-term opportunity.
Tornado Cash (TORN)
Torn is already dealing with a number of issues, and its 1.75% token supply will be released on February 6th. Looking at the number, 175,000 TORN will be unlocked, which is very little, thus perhaps the pump can be seen in it. You can use this for short-term.
Moonriver (MOVR)
Many people have been paying attention to this token because it has dropped from $500 to $9. This token will be unlocked on February 10, with 0.304% of the entire supply, or around 3,041,666 GLMR, being unloaded on the market.
Aptos (APT)
We have witnessed incredible bullish momentum in APT, but the likelihood of a correction phase is now quite strong. On February 12, 0.454% of the supply, or roughly 4,543,478 APT, will be unlocked. If you plan to buy, wait until February 12th then after decide.
The Sandbox (SAND)
The price of the SAND token has increased by more than 110% in the last several weeks. Many people are aiming to acquire this token, and they should.
However, its huge supply will be unleashed. On February 14, 12.419% of the supply, or roughly 372,570,278 SAND, will be unlocked. All of these tokens are worth roughly $280 million.
If you want to buy sand, wait until February 14 since it will be quite cheap afterwards.
DYDX
The DYDX exchange token has quickly become a popular. DYDX is having a pretty nice rally, however on February 14, 0.652% supply will be released, which contains around 6,520,128 DYDX. These 6,520,128 tokens have a value of $20 million.
BitDAO (BIT)
If you’re interested in the BIT token, bear in mind that 1.951% will be released on February 15. The worth of 187,499,999 BIT is about $104 million.
ApeCoin (APE)
Many people are accumulating this token and are interested in acquiring it. Its supply of 0.734% will be unlocked on February 17th. 7,343,750 APE worth around 43 million dollars will be unloaded on the market. If you want to acquire APE, be careful because this project involves NFTs.
ImmutableX (IMX)
Around 18,075,990 IMX will be unloaded on February 25, totaling 0.904% of the supply that will be released into the market. Because the amount is really large, you should wait.
Ronin (RON)
The price of RON has risen significantly. The price of the RON token has risen from $0.20 to $1, but the surge is about to an end since a massive supply will be released on February 27th. Its 4.154% supply, or about 41,538,114 RON, will be unlocked on the market. The worthn of 41,538,114 token is around $34 million. Stay away from RON for a while, or you will get trapped in high price.
Yield Guild Games (YGG)
Many investors would be disappointed that the price of YGG has dropped from $10 to $0.30. On February 27, 1.687% of the supply, or about 16,872,453 YGG, will be unlocked.
You must look after all of these coins. If something is good to some people, it is bad to many others.
VCs
The benefit is that the price will be a little lower when the token is unlocked if you were to take entry in any coin in any of these cryptocurrencies. You can also get short-term opportunities. Every time the price does not decline at the moment of token unlocking because the VCs backing the project begin buying so that the value of the token increases, as we have seen with APTSOS.
I hope you enjoyed the article.
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Disclaimer
This is not a Financial Advice. This article is meant only for educational purpose. I am just sharing my thoughts and analysis based on my many years of experience.