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Tokens Unlocked in April: What Investors Need to Know

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On April 17th, according to TokenUnlocks data, the following tokens were about to be unlocked this week (from April 17th to April 23rd). Among them, at 21:10:00 on April 17th, 3914

Tokens Unlocked in April: What Investors Need to Know

On April 17th, according to TokenUnlocks data, the following tokens were about to be unlocked this week (from April 17th to April 23rd). Among them, at 21:10:00 on April 17th, 3914250.02 AXS (approximately $35.77 million) were unlocked, accounting for 1.45% of the total supply; At 18:00:00 on April 22nd, 18075990.62 IMX (approximately $21.32 million) were unlocked, accounting for 0.904% of the total supply; At 20:10:00 on April 20th, 192307.69 GALs (approximately $400000) were unlocked, accounting for 0.096% of the total supply.

Data: Over 3.91 million AXS will be unlocked this week, valued at approximately $35.77 million

Introduction

On April 17th, TokenUnlocks released data revealing that several tokens were set to be unlocked in the following week between April 17th and April 23rd. These included 3914250.02 AXS, 18075990.62 IMX, and 192307.69 GALs. In this article, we will explore what token unlocking is and how it can impact the market, as well as take a closer look at the tokens mentioned above and their potential impact on investors.

The Basics of Token Unlocking

Token unlocking refers to the release of tokens that were previously held by a company or project team. These tokens are usually subject to a lock-up period, during which they cannot be traded or sold on the open market. When the lock-up period ends, the tokens are released and become available for trading. This can have a significant impact on the price of the token, as the sudden influx of supply can lead to a decrease in value.

AXS Token Unlocking

The first token set to be unlocked on April 17th was AXS, with 3914250.02 tokens released at 21:10:00. This represented approximately $35.77 million and accounted for 1.45% of the total supply. AXS is the native token of the Axie Infinity platform, which is a digital pet breeding and battling game built on the Ethereum blockchain. The platform has gained popularity in recent months, with users able to earn tokens by playing the game. The unlocking of a large amount of AXS tokens could potentially lead to a decrease in the token’s value, as supply on the market increases.

IMX Token Unlocking

On April 22nd at 18:00:00, 18075990.62 IMX tokens were released, representing approximately $21.32 million and accounting for 0.904% of the total supply. IMX is the native token of Impresso Labs, a platform that aims to revolutionize the real estate industry by using blockchain technology to create transparent and secure property transactions. While the unlocking of IMX tokens may lead to a short-term decrease in its value, the long-term potential of Impresso Labs may outweigh this.

GAL Token Unlocking

Finally, on April 20th at 20:10:00, 192307.69 GALs were released, representing approximately $400,000 and accounting for 0.096% of the total supply. GAL is the native token of Gala Games, a platform that allows players to earn tokens by playing games. While the unlocking of GAL tokens may have a limited impact on the token’s value, the potential for adoption of the Gala Games platform could lead to significant growth in the future.

Conclusion

Token unlocking is an important event for investors to keep an eye on, as it can have a significant impact on the value of a token in the short term. In the case of the tokens mentioned above, the unlocking of large amounts of supply could lead to a decrease in value. However, it’s important to consider the long-term potential of these projects and their impact on the market.

FAQs

Q: What is token unlocking?

A: Token unlocking refers to the release of tokens that were previously held by a company or project team, usually after a lock-up period.

Q: What is the potential impact of token unlocking on a token’s value?

A: The sudden influx of supply can lead to a decrease in the token’s value in the short term.

Q: What are some long-term factors to consider when evaluating the impact of token unlocking?

A: The potential for adoption of the project and its long-term potential to create value for investors.

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