Key Token Unlocks and Market Implications
This week, ImmutableX (IMX), 1INCH, and dYdX (DYDX) will unlock $105 million worth of tokens, potentially influencing their market prices. Token unlocks exceeding 1% of circulating supply often trigger price volatility.
Upcoming Unlock Schedule
| Token | Unlock Date | Amount Unlocked | % of Circulating Supply | Value (USD) |
|--------|-------------|------------------|--------------------------|-------------|
| DYDX | November 30 | 24.8M tokens | 1.2% | $24.8M |
| IMX | December 1 | 37.49M tokens | 1.87% | $51.5M |
| 1INCH| December 1 | 81.06M tokens | 5.4% | $29.4M |
Project Breakdown
ImmutableX (IMX)
- A Layer-2 scaling solution for NFTs and Web3 games.
- Unlocked tokens may increase exchange reserves, raising sell pressure.
1INCH
- Native token of the 1inch decentralized exchange (DEX).
- Largest unlock by percentage (5.4% of supply).
dYdX (DYDX)
- Powers the dYdX perpetuals DEX.
- Unlock coincides with platform incentives expiry.
Additional Notable Unlocks
- SUI (69.13M tokens, December 3)
- Axelar (AXL) (25.81M tokens, November 27)
- Orbler (ORBR) (37.41M tokens, December 2)
- Skale (SKL) (195.25M tokens, December 1)
Market Impact Analysis
👉 How token unlocks affect crypto prices
- Increased Supply: Unlocked tokens often flow to exchanges, creating sell pressure.
- Investor Sentiment: Large unlocks may signal dilution, spooking short-term holders.
FAQs
Q1: Why do token unlocks affect prices?
A1: They increase circulating supply, which can outpace demand if not absorbed by new utility or buyers.
Q2: Should I sell before an unlock event?
A2: Historical data shows mixed results—research project-specific unlock plans (e.g., team vesting, staking rewards).
Q3: Which project’s unlock poses the highest risk?
A3: 1INCH (5.4% of supply), followed by IMX (1.87%).
Strategic Takeaways
- Monitor exchange reserves post-unlock for sell-side pressure.
- Long-term holders should assess project fundamentals beyond unlock events.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are high-risk; always conduct independent research.
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