OP Faces $39.62 Million Token Unlock In The Upcoming Week

  • Token Unlocks revealed that tokens worth more than $4M will be unlocked in the coming week.
  • OP is set to face the largest unlocking for the week worth an estimated $39.62 million.
  • Other tokens like AGIX, YGG, EUL, and ACA will also experience token-unlocking events in the next seven days.

The tokenomics insights platform, Token Unlocks, shared on Twitter this morning that tokens worth more than $44.95 million will be unlocked in the coming week. The cryptocurrency that will be facing the largest unlocking in the days to come is Optimism (OP). According to the platform, OP worth about $39.62 million will be unlocked.

Similarly, SingularityNET (AGIX) and Yield Guild Games (YGG) will both unlock tokens worth more than $2 million in the week to come. Meanwhile, Euler’s (EUL) upcoming token unlock will be worth around $0.75 million while Acala Token (ACA) will see tokens worth $0.32 million unlocked within the next few days.

With regards to OP’s 24-hour performance, CoinMarketCap indicated that the altcoin saw its price decrease by 0.37% over this time period. As a result, OP was trading hands at $1.57. This meant that it was trading a bit closer to its daily low of $1.54.

Furthermore, OP saw its intraday trading volume increase by more than 46% throughout the past day. Consequently, OP’s volume stood at around $141,641,114 at press time. Traders can be reassured that, despite its latest hiccup, OP’s weekly performance was still up by more than 4%.

AGIX was also one of the many cryptocurrencies that saw its price drop heading into the new week. At press time, AGIX was worth $0.2323 after its price slipped by 0.68% over the past day of trading. On the other hand, the past 24 hours were a lot different for YGG as its price surged by more than 11%, which left its price standing at $0.1668.

EUL was another token that experienced a gain recently as its price was able to climb by 6.71% over the past day. On the other hand, ACA’s price fell by 1.47% over the same time period. This left the cryptocurrencies trading at $2.70 and $0.06727 respectively.

Disclaimer: The views and opinions, as well as all the information shared in this price Analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Comments

Post a Comment

Popular posts from this blog

Bitcoin Price Prediction as the Coin Corrects to $25.8k After Traders Withdrew $100 Million in BTC from Binance

Image
Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price saw another dip over the weekend, similar to the one on May 5th. After a brief recovery between May 7th, BTC first dropped to $26.4k, where it remained for the rest of last week, until Saturday, when it crashed to a support at $25.8k, finally dropping below $26,000 once more. Since the drop, the price has been mostly stable, although Bitcoin trading sideways typically does not last. The big question now is whether the price is going to recover again or break the support and continue the drop. Experts believe that BTC might see a potential bullish rally of about +20-25% if the coin maintains its position above the trendline and successfully breaks out from the wedge to the upside. However, a bearish rally toward $21.5k is just as possible if the current support breaks. Others have argued that BTC needs to see $23k and $25k for future gain. The price came too close to the channel suppo
Read more

XRP Could Reach $10,000 For Its Role in CBDCs, Predicts Analyst

Image
Ripple announced a private XRP ledger (XRPL) in 2021 for CBDCs leveraging blockchain technology. The development makes cryptocurrencies “be leveraged as a neutral bridge asset for frictionless value movement between CBDCs and other currencies,” said the company. Around 130 countries around the world are looking to launch CBDCs, touting them as the future of all transactions. 98% of the world is exploring CBDC options, and XRP could gain big if they incorporate their ledger technology with other nations. Also Read: U.S. & European Union React to BRICS Expansion Taking this into consideration, pseudonymous cryptocurrency analyst Bitforcoinz predicted that Ripple ’s integration with CBDCs could catapult the XRP price to new highs. According to the price prediction, XRP could touch $10,000 if it powers CBDCs in all countries that explore digital currencies. #XRP was designed to settle CBDC's! There are not enough XRPz out there to brige all the money at a price of $10
Read more

Binance US chief the latest exec to leave amid regulatory troubles

Brian Shroder, the chief exec of Binance US , has stepped down and been temporarily replaced by chief legal officer Norman Reed, as the firm cuts one-third of its employees amid mounting regulatory scrutiny. Shroder’s departure comes hot on the heels of other Binance top executives leaving, including head of Eastern Europe and Russia, Gleb Kostarev, and global head of product, Mayur Kamat. The global crypto exchange is embroiled in numerous regulatory crackdowns and investigations by the US Commodity Futures Trading Commission (CFTC), Justice Department, and Securities and Exchange Commission (SEC), into money laundering, mishandling customer funds, ignoring sanctions, and more. Binance US has also decided to cut another round of employees, this time more than 100 people. A spokesperson said in a statement that the move was a direct result of regulatory pressure in the US. “The actions we are taking today provide Binance.US with more than seven years of financial runway and enab
Read more