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APT, CYBER, GLMR Face Large Token Unlocks This Week – Will Prices Hold?

Published 01/07/2024, 05:17 PM
Updated 01/07/2024, 05:45 PM
APT, CYBER, GLMR Face Large Token Unlocks This Week – Will Prices Hold?

  • APT may not hit $10 before the unlock because of the resistance at $9.69.
  • CYBER could face a pullback if its price rises to the Fib level at $7.80.
  • Should GLMR hold the $0.38 support, it could breakout and hit $0.45 soon.

About five crypto projects are set for token unlocks this week, according to data from Token Unlocks. Among the five, the biggest unlock is that of Aptos (APT), which is scheduled to release $228.05 million worth of its token on January 12.

This value represents 8.05% of its total supply. Others involved in large unlocks include CyberConnect (CYBER) and Moonbeam (GLMR).

Details from Token Unlocks showed that GMLR’s unlock would be worth $1.24 million. CYBER, on the other hand, has plans to 8.51% of its supply, valued at $9.38 million.

Token unlocks refer to the release of a certain amount of coins previously prevented from entering into circulation. The mechanism aims to prevent team members or early investors from selling in large quantities.

Also, unlocking tokens causes market volatility and also has an impact on trading volume and prices. In most cases, prices of crypto…

The post APT, CYBER, GLMR Face Large Token Unlocks This Week – Will Prices Hold? appeared first on Coin Edition.

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