This week several large crypto projects will see significant amounts of tokens unlock, which may affect the markets’ dynamics. For investors and traders, these upcoming token unlocks are essential to monitor as they may present chances and risks.
Major Token Unlocks This Week:
Here’s a table summarizing the upcoming token unlocks:
| Token | Date | Time (UTC) | Unlock Amount | Unlock Percentage |
| $DYDX | September 03 | 16:00 | $1.35 million | 0.68% |
| $LQTY | September 04 | 00:00 | $342.72k | 0.51% |
| $TAIKO | September 05 | 00:00 | $17.88 million | 19.02% |
| $IMX | September 06 | 00:00 | $41.57 million | 2.06% |
| $MODE | September 06 | 00:00 | $6.12 million | 38.46% |
| $HFT | September 07 | 00:00 | $1.90 million | 3.06% |
- This table provides a clear and concise overview of the token unlock events occurring between September 02 and September 08.
What This Means for Investors:
$TAIKO and $MODE are anticipated upcoming tokens unlock which are noteworthy as they have high unlock percentages (19.02% and 38.46% respectively). That said, massive token unlocks in cryptocurrency projects may cause more liquidity in the market, but it could also be the reason for price fluctuations caused by the availability of newly unlocked tokens for trading.
Thus, it is important for investors in these assets to remain alert to such occurrences. If there is any fall in prices as a result of the unlocking, then this will create good chances to purchase because it may also lead to price adjustments. Becoming informed about these events can provide guidance for decision-making in the highly fluctuating cryptocurrency market.
During this phase, investors must exercise extreme caution because how the market reacts to future token unlocks will be pivotal. Keep an eye on how these tokens are performing and revamp your tactics in line with them.
Also Read: Starknet & Optimism Token Unlocks | Key Market Events Ahead
For more updates on this, stay tuned at ReadingCrypto!
