Token unlocks, known for causing significant market movements, will continue at full speed tomorrow. Recently, the large unlock on AEVO attracted the entire market’s attention due to the subsequent price drop. Tokens entering the market through two projects in approximately 13 hours are expected to have significant impacts.
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 to be $3.36 million at the time of writing. This equates 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. As of the time of writing, MANTA is trading at $1.61, following a 2.49% price 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, there are over 687 million MANTA tokens locked.
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, continuing to push towards the top 100.
Market participants are closely following the ROSE token unlock happening in about 13 hours. The unlock will involve 171 million ROSE tokens, valued at approximately $20.5 million. Currently, there are 5.81 billion unlocked ROSE tokens, with 1.84 billion ROSE coins awaiting unlock.
Interestingly, there is no information about 2.35 billion ROSE tokens that are untraceable. These tokens constitute 23.5% of the total supply.
ROSE is trading at $0.09319 after a 7% price increase at the time of writing. ROSE’s 24-hour trading volume reflects investor interest, increasing by 18% to $18.3 million in the last 24 hours.
Considering past price movements following token unlocks, investors should be cautious of increased volatility for these tokens.
