Token unlocks, known for causing significant movements in cryptocurrencies, will continue at full speed tomorrow. Recently, the major unlock on AEVO and the subsequent price drop caught the entire market’s attention. Tokens entering the market through two projects in approximately 13 hours are expected to have significant effects.
MANTA Token Unlock
The first token unlock happening today will be MANTA in about 6 hours. The total value of the MANTA tokens to be unlocked is calculated at $3.36 million as of the time of writing. This corresponds to 1.87 million MANTA tokens, representing 0.74% of the total supply.
MANTA is currently ranked 162nd on Coinmarketcap, with a market cap of $400 million. As of the time of writing, the MANTA price is trading at $1.61, a 2.49% increase.
MANTA’s 24-hour trading volume stands at $34 million after a 10% increase.
The unlock represents a small portion of the tokens waiting to be unlocked. Currently, over 687 million MANTA tokens are held under lock.
Oasis Network (ROSE) Token Unlock
ROSE has always been one of the cryptocurrencies that attract attention. It currently ranks 116th on Coinmarketcap with a market cap of $626 million and continues to challenge the top 100.
Market participants are closely monitoring the ROSE token unlock happening in about 13 hours. The upcoming unlock will be 171 million ROSE, valued at approximately $20.5 million. Currently, 5.81 billion ROSE tokens are unlocked, while 1.84 billion ROSE tokens are waiting to be unlocked.
Interestingly, there is no information about 2.35 billion ROSE tokens that are untraceable. These tokens represent 23.5% of the total supply.
ROSE is trading at $0.09319 after a 7% increase as of the time of writing. ROSE’s 24-hour trading volume reflects investor interest. The trading volume increased by 18% in the last 24 hours, reaching $18.3 million.
Considering past price movements after token unlocks, investors should be cautious about increased volatility for these tokens.
