As the cryptocurrency market continues to grow, more and more investors are looking to invest in various tokens. However, with so many different tokens available, it can be challenging to determine which ones are worth investing in. One important factor to consider when investing in tokens is the timing of token unlocks.
Token unlocks occur when a certain number of tokens become available to investors. These unlocks can have a significant impact on the price of the token, as investors may choose to buy or sell the token depending on their assessment of its value. As such, monitoring token unlocks is an essential step for making informed investment decisions.
This March, several significant token unlocks are set to occur. According to relevant trackers, the largest upcoming token unlock is for ApeCoin ($APE), which is set to unlock $173.11M, about 4.06% of the token’s total supply, on March 17th. BitDAO ($BIT) is also set to unlock $95.43M, about 1.88% of the token’s total supply, on March 15th.
Uniswap ($UNI) will unlock $48.92M, about 0.83% of its total supply, on March 16th, while Filecoin ($FIL) is set to unlock $31.94M, about 0.28% of its total supply, on March 14th. Tribal ($TRIBL) is also set to unlock $25.57M, about 2.26% of its total supply, on March 17th. Finally, Lido ($LDO) will unlock $19.61M, about 0.79% of its total supply, on March 18th, and dydx ($DYDX) tokens will unlock $13.87M, about 0.64% of its total supply, on March 14th.
These upcoming unlocks are expected to have a significant impact on the price of these tokens, as investors decide whether to buy or sell in response to the increased supply. As such, investors should pay close attention to these unlocks and make informed decisions based on their own research and analysis.
While investing in tokens can be lucrative, it is important to remember that the cryptocurrency market can be volatile and unpredictable. As such, investors should always do their due diligence before investing and never invest more than they can afford to lose. By staying informed and being cautious, investors can make better investment decisions and navigate the cryptocurrency market with confidence.
Read more:
- Massive Token Unlock In February Causes Worry For Investors: A Look At The Upcoming Unlocks
- Token Unlock Frenzy: Hedera, Gelato, GMT, YGG And More Set To Be Unlocked Next Week