“This week, tokens worth over $27.5 million will be unlocked, as reported by the Token Unlock account. The largest unlocks are expected for the ARKM and AXS projects, with approximately 150 million ARKM and AXS tokens entering circulation in the coming days, totaling $21.8 million.”
Other crypto projects, such as Space ID (ID) and X2Y2, will unlock tokens worth $4 million and $0.98 million respectively. Euler (EUL), Cartesi (CTSI), and 1INCH will increase their circulating supply by an equivalent of $0.36 million, $0.24 million, and $0.19 million respectively.
The ARKM project team will expand their token supply by 15%, AXS by 3%, and ID project by 5.3%. As for EUL, CTSI, and 1INCH, their token supplies will increase by 0.8%, 0.2%, and 0.04% respectively.
When these tokens become available, individual investors may sell their assets, potentially impacting their prices negatively.
Currently, according to CoinGecko data, AXS is trading at around $6.27 with no significant price fluctuations in the past 24 hours. ID is trading at $0.2725, X2Y2 at $0.02575 with a 2% increase in price in the last 24 hours.
1INCH stands out on this list as the token is trading at $0.4511 with a daily price growth of 6%. The daily trading volume has increased by over 200%.