Crypto Alert: Solana, Aptos, APE And More Token Unlocks Coming This September
06 Setembro 2023 - 4:30AM
NEWSBTC
September is gearing up to be a pivotal month in the crypto space,
with a series of substantial token unlocks for Solana, ApeCoin,
Worldcoin, Optimism, dYdX and Aptos on the horizon. Popular crypto
voices, @TheDeFinvestor and @wacy_time1, have taken to Twitter to
provide insights, speculations, and analyses on these impending
events. Here’s a consolidated look at their perspectives. ApeCoin
(APE) Set to witness one of the most significant unlocks this
month, APE will release $54.8 million, which represents 11% of its
circulating supply, on Sept. 17. Both influencers highlighted the
magnitude of this event. @TheDeFinvestor pointed out that most of
the unlocked tokens would go to insiders, specifically launch
contributors. Drawing from history, the last time a large amount of
APE tokens entered circulation, the price experienced a sharp dip.
@wacy_time1 mentioned the potential risks of shorting APE,
especially given its current position. Since the beginning of the
year, the APE is in a steep downtrend which saw price decline by
80%. Worldcoin (WLD) WLD is set for a daily unlock of $3.38
million. @TheDeFinvestor emphasized that in a year, the circulating
supply of WLD would be three times its current amount.The token’s
value has reportedly decreased by almost 50% since its launch.
Despite this downtrend, both influencers cautioned against shorting
it due to its large VC backers and potential price manipulations.
Related Reading: VISA’s Stablecoin Payments On Solana Propel SOL To
5% Gain, Bulls Eye Price Breakout Solana (SOL) Solana is set for an
unlock of $10.3 million from staking on September 7. @wacy_time1
provided an analysis suggesting that a majority of the 2756 stakers
receiving 531,574 SOL might not immediately sell. The influencer
believes that any price drop could be an accumulation opportunity,
emphasizing the potential of Solana. Remarkably, just yesterday,
Solana announced that payments giant Visa is scaling their USDC
settlement pilot to include the Solana blockchain, enabling
enterprise-grade throughput at virtually no cost for Visa issuers
and merchant acquirers on Solana. The SOL price reacted with a 5%
surge but couldn’t take out the 50% Fibonacci retracement level on
the 1-day. As long as this mark is not surpassed on a daily closing
basis, further upside potential seems ruled out. Optimism (OP) OP
will unlock $32.3M, or 3.03% of its circulating supply, on Sept.
30. These tokens are designated for core contributors and
investors. @TheDeFinvestor mentioned that these groups are
typically the ones most likely to sell. However, @wacy_time1
expressed a more optimistic view, suggesting that the price might
not react negatively. The influencer emphasized the potential of
Optimism following the success of Coinbase’s Base and hinted at
accumulation opportunities if any negative price reaction occurs.
Related Reading: Solana (SOL) Price Prediction: 2023, 2024, 2025
and Beyond dYdX On Sept. 26, $13.7 million, about 3.8% of the dYdX
circulating supply, will be unlocked. These tokens are allocated to
the community treasury, liquidity provider rewards, and trading
rewards. @TheDeFinvestor highlighted the mid-long term selling
pressure these unlocks might introduce, while @wacy_time1 did not
express significant concerns regarding this token’s unlock. Aptos
(APT) A standard linear unlock of $25 million is scheduled for APT
on September 12. @wacy_time1 shared that he doesn’t anticipate a
significant price reaction and might consider buying APT for
speculative purposes if it drops below $3. In light of these
impending unlocks, the crypto community is advised to stay informed
and exercise caution. The events of September are poised to offer
both challenges and opportunities for crypto investors. Featured
image from Binance, chart from TradingView.com
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