Token unlocks, known for causing significant movements in the crypto market, will continue at full speed tomorrow. Recently, the major unlock on AEVO caught the entire market’s attention due to the price drop that followed. 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, approximately 6 hours from now. The total value of the tokens to be unlocked in MANTA is calculated to be 3.36 million dollars as of 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. As of the time of writing, MANTA’s price is trading at 1.61 dollars, following a 2.49% 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 locked.
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, continuing to challenge the top 100.
The token unlock in ROSE, happening in about 13 hours, is closely watched by market participants. The upcoming unlock will be 171 million ROSE, valued at approximately 20.5 million dollars. Currently, 5.81 billion ROSE tokens are unlocked, while 1.84 billion ROSE coins are 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 dollars after a 7% increase as of the time of writing. 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 following token unlocks, investors should be cautious of increased volatility for these tokens to ensure healthier investments.
