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Token unlocks, known for driving significant movements in cryptocurrencies, will continue at full speed tomorrow. Recently, the large unlock on AEVO and the subsequent price drop caught the entire market’s attention. The 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 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% 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, there are over 687 million MANTA tokens 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 push for the top 100.
Market participants are closely following the token unlock in ROSE, which will occur in approximately 13 hours. The upcoming unlock will be 171 million ROSE, valued at approximately 20.5 million dollars. Currently, there are 5.81 billion unlocked ROSE tokens, with 1.84 billion ROSE coins waiting to be unlocked.
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 at the time of writing, following a 7% increase. ROSE’s 24-hour trading volume reflects investor interest, increasing by 18% to 18.3 million dollars in the last 24 hours.
Considering the price movements following past token unlocks, investors should be cautious about increased volatility in these tokens for healthier investments.
