Token unlocks, known for causing significant market movements, will continue at full speed tomorrow. Recently, the large unlock on AEVO caught the entire market’s attention due to the subsequent price drop. Tokens entering the market through two projects in about 13 hours are expected to have significant impacts.
MANTA Token Unlock
The first token unlock happening today will be MANTA in approximately 6 hours. The total value of the tokens to be unlocked in MANTA is calculated to be 3.36 million dollars at the time of writing. This corresponds to 1.87 million MANTA tokens, representing 0.74% of the total supply.
MANTA currently ranks 162nd on Coinmarketcap, with a market cap of 400 million dollars. At the time of writing, MANTA is trading at 1.61 dollars, following a 2.49% price increase.
MANTA’s 24-hour trading volume stands at 34 million dollars 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. Currently, it ranks 116th on Coinmarketcap with a market cap of 626 million dollars and continues to challenge the top 100.
Market participants are closely watching the ROSE token unlock happening in about 13 hours. The unlock will involve 171 million ROSE, valued at approximately 20.5 million dollars. 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 the 2.35 billion ROSE tokens that are untraceable. These tokens constitute 23.5% of the total supply.
ROSE is trading at 0.09319 dollars at the time of writing, following a 7% price increase. ROSE’s 24-hour trading volume reflects investor interest, increasing by 18% to 18.3 million dollars in the last 24 hours.
Considering past price movements after token unlocks, investors should be cautious about increased volatility for these tokens.
