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One of the biggest market pressures in cryptocurrencies, key unlock events, continues to occur. Next week, attention will be on three different cryptocurrencies. These events could show investors varying price movements in these three cryptocurrencies.
Aptos (APT) Key Unlock
First up is Aptos (APT), known as a layer-1 blockchain created by former Meta engineers. Aptos will unlock 11.31 million APT tokens valued at $103.48 million, introducing a large supply to the market. The foundation will acquire a small share, purchasing 1.33 million tokens worth $12.20 million.
A significant share is allocated for the community and core contributors, with 3.21 million and 3.96 million tokens worth $65.59 million in total. Investors will also receive 2.81 million APT tokens worth $25.69 million.
After the unlock event, Aptos’s supply will increase by 2.6% on June 12, potentially creating significant selling pressure.
ImmutableX (IMX) Updates
ImmutableX (IMX), which recently announced a major P2E airdrop, is also seeing developments. Following these developments, a 1.7% increase in supply will occur on June 14, indicating a significant market entry. For ecosystem and project development, 25.53 million IMX tokens will be unlocked.
56.93 million IMX tokens will be entirely owned by the team, indicating a substantial share in the hands of the management group.
Will Ripple Sell XRP?
A significant selling pressure is also forming around XRP. Ripple unlocked another 1 billion XRP in June, with 200 million tokens set for sale and an additional 200 million tokens held without being re-locked.
Recently, Ripple moved 150 million XRP to exchanges. Ripple’s treasury account still holds 250 million tokens awaiting transfer, suggesting the market may be under pressure from Ripple.
