Upcoming Token Unlocks Will Flood the Market with New Sells

PANews reported on April 20 that Token Unlocks data showed that UDS, VENOM, ALT and other tokens will be unlocked in large amounts next week, including:

Undeads Games (UDS) will unlock an estimated 21.94 million tokens at 8:00 a.m. Beijing time on April 27, according to Token Unlocks data via PANews.

This batch of unlocks accounts for 30.54% of the current UDS circulation and is valued at approximately US$14.9 million.

The price of UDS has dropped significantly since its peak in December 2022. At the beginning of this year, the price of UDS was still above $1, but it has now fallen to around $0.67, and the total market capitalization of UDS is about $36.8 million.

Venom (VENOM) is expected to unlock around 59.26 million tokens at 4:00 p.m. Beijing time on April 25, with an estimated value of US$7.9 million.

This batch of unlocks constitutes 2.86% of the current VENOM circulation.

The price of VENOM has also been decreasing recently. At the beginning of this year, the price of VENOM was still above $0.12, but it has now fallen to around $0.133, and the total market capitalization of VENOM is about $276.9 million.

AltLayer (ALT) will see an estimated 240 million tokens unlocked at 6:00 p.m. Beijing time on April 25, amounting to 7.92% of the current circulation and a total value of approximately US$6.9 million.

The price of ALT has been relatively stable recently, hovering around $0.028, and the total market capitalization of ALT is about $412 million.

Murasaki (MURA) is set to unlock around 10 million tokens at 8:00 a.m. Beijing time on April 23, with an estimated value of US$4 million.

This batch of unlocks constitutes 1.00% of the current MURA circulation.

The price of MURA has been increasing recently. At the beginning of this year, the price of MURA was still below $0.35, but it has now risen to around $0.398, and the total market capitalization of MURA is about $394.3 million.

SPACE ID (ID) will see an estimated 12.65 million tokens unlocked at 8:00 a.m. Beijing time on April 22, amounting to 2.94% of the current circulation and a total value of approximately US$2.4 million.

The price of ID has been decreasing recently. At the beginning of this year, the price of ID was still above $0.14, but it has now fallen to around $0.118, and the total market capitalization of ID is about $406 million.

Velo (VELO) will have approximately 182.8 million tokens unlocked at 8:00 a.m. Beijing time on April 27, according to Token Unlocks data via PANews.

This batch of unlocks accounts for 2.47% of the current VELO circulation and is valued at approximately US$2.3 million.

The price of VELO has dropped significantly since its peak in December 2022. At the beginning of this year, the price of VELO was still above $0.1, but it has now fallen to around $0.062, and the total market capitalization of VELO is about $286.3 million.

Karrat (KARRAT) will see an estimated 21.25 million tokens unlocked at 8:00 a.m. Beijing time on April 23, amounting to 8.79% of the current circulation and a total value of approximately US$1.3 million.

The price of KARRAT has been relatively stable recently, and the token is currently trading at around $0.055.

Eigenlayer (EIGEN) will have approximately 1.29 million tokens unlocked at 3:00 a.m. Beijing time on April 23, according to Token Unlocks data via PANews.

This batch of unlocks accounts for 0.53% of the current EIGEN circulation and is valued at approximately US$1.1 million.

The price of EIGEN has dropped significantly since its peak in December 2022. At the beginning of this year, the price of EIGEN was still above $0.6, but it has now fallen to around $0.4