Token unlocks, known for driving significant movements in cryptocurrencies, will continue at full speed tomorrow. Recently, the major unlock on AEVO caught 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 today will be MANTA, occurring in about 6 hours. The total value of the tokens to be unlocked in MANTA 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% 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, there are over 687 million MANTA tokens locked.
Oasis Network (ROSE) Token Unlock
ROSE has always been one of the cryptocurrencies that attract attention. Currently, it is ranked 116th on Coinmarketcap with a market cap of $626 million, continuing to challenge the top 100.
The upcoming ROSE token unlock in approximately 13 hours is being closely monitored by market participants. 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 at the time of writing, following a 7% increase. ROSE’s 24-hour trading volume reflects investor interest, having increased 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.
