Cryptocurrency enthusiasts often view token unlock events as significant. Each token unlock releases millions into the market. Although this doesn’t always result in a sell-off, the crypto community watches these events closely.
**Contents**
– SUI Token Unlock
– DYDX Unlocks $11.58 Million Worth of Tokens
– IO Token Unlock at 4:00 PM
**SUI Token Unlock**
Today marked a notable event for SUI, with approximately $53 million worth of SUI tokens unlocked at 12:00 PM. As a result, 64.19 million SUI tokens are now in circulation. You can access NEWSLINKER to get the latest technology news. Following this unlock, SUI’s price is $0.81, reflecting a 2.74% increase over the past 24 hours. Therefore, the token unlock did not adversely affect SUI’s price.
**DYDX Unlocks $11.58 Million Worth of Tokens**
Another token unlock event took place with DYDX. At 12:00 PM, DYDX unlocked 8.33 million tokens, valued at approximately $12 million. Post-unlock, DYDX is trading at $1.36, with a daily decrease of 1.45%, indicating a partial impact from the unlock.
**IO Token Unlock at 4:00 PM**
Later today, the IO token will have a significant event at 4:00 PM, unlocking tokens worth $22.55 million.
IO will release 59.63 million tokens. Preceding the unlock, IO’s price has dropped by 4% to $3.12, suggesting that the impending unlock has influenced IO’s price. As observed, the price reactions to token unlocks vary across different cryptocurrencies. Thus, predicting a price drop solely based on token unlocks is not always accurate. It’s more appropriate to say that token unlocks may potentially impact prices.
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**Disclaimer:**
The information in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and risk and should conduct their own research.
