Home web3.0 These 7 Crypto Assets Are Going to Be Unlocked by the Coming Weekend, Predicting Numerous Trading Opportunities for the Traders

These 7 Crypto Assets Are Going to Be Unlocked by the Coming Weekend, Predicting Numerous Trading Opportunities for the Traders

Aug 27, 2024 pm 03:02 PM
Cryptocurrencies $OP $ZETA

Monitoring of vested tokens and future unlock events is an important step to make more cautious and, in the end, better trading decisions.

These 7 Crypto Assets Are Going to Be Unlocked by the Coming Weekend, Predicting Numerous Trading Opportunities for the Traders

The crypto market is known for its volatility, and one factor that can contribute to this volatility is the unlocking of vested tokens. These tokens are typically allocated to early investors, employees, or founders of a crypto project and are locked for a period of time to ensure the orderly distribution of the tokens. When these tokens finally become available for trading, it can have a significant impact on the price and liquidity of the cryptocurrency in question.

In the coming week, there are several major token unlocks that are expected to take place. These unlocks will involve some of the top cryptocurrencies in the market, presenting potential opportunities for traders to capitalize on the increased market activity. Let's take a closer look at these upcoming token unlocks:

1. Optimism ($OP) is set to lead the biggest token unlocks in the next 7 days. As per the stats, 0.75% of its total supply will be unlocked on 31st August 2024, which is valued at $49.6 million. This unlocking is bound to grab the attention of traders as it will impact the staking dynamics and governance of the network.

2. After Optimism, ZetaChain ($ZETA) is the 2nd most anticipated crypto token to be unlocked on 1st September 2024. As per the stats, 2.79% of its total supply will be unlocked, which is valued at approximately $32.8 million. This unlocking might help $ZETA gain more price stability and distribution in a short time.

3. $DYDX and $WLD are also scheduled to be unlocked on 26th August and 1st September respectively, with an equivalent value of $9.15M and $9.46M. These tokens are expected to hit the الكبير التالي in the coming days.

4. In addition to $OP, $ZETA, $DYDX, and $WLD, several other tokens are also set to be unlocked in the coming week. These include $PORTAL, $EDU, and $PRIME, which are scheduled to be unlocked on the 29th, 28th, and 31st of August 2024, respectively. These tokens will see 2.56%, 0.97%, and 0.68% of their total supply being unlocked on the mentioned dates.

These upcoming events can be interesting for the crypto market as these extensive unlockings may increase price volatility. Investors should be aware of the associated risks along with the trading opportunities.

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