Token unlocks, known for causing significant movements in cryptocurrencies, 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 within approximately 13 hours are also expected to have significant impacts.
MANTA Token Unlock
The first token to be unlocked today will be MANTA, approximately 6 hours from now. The total value of the MANTA tokens to be unlocked is calculated to be $3.36 million at 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. At the time of writing, MANTA is trading at $1.61, following a 2.49% price increase.
MANTA’s 24-hour trading volume has reached $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. Currently, it ranks 116th on Coinmarketcap with a market cap of $626 million, continuing to challenge the top 100.
Market participants are closely monitoring the ROSE token unlock, set to occur in approximately 13 hours. The unlock will involve 171 million ROSE tokens, valued at approximately $20.5 million. Currently, 5.81 billion ROSE tokens have been unlocked, 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 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 in the last 24 hours.
Considering past price movements following token unlocks, investors should be cautious about increased volatility for these tokens.
