In the crypto currency market next week, significant token lock openings will take place in crypto currencies such as ENA and water. These developments attract the attention of investors and market participants. With the circulation of tokens, the balance of supply and demand may change, and volatility may be experienced in prices. According to Token Unlocks data, a large amount of token’s lock will be opened, especially in water, W, ENA and some other projects. In this article, we will take a look at the details of the key openings that will take place in the coming days.
Important key openings will take place in the crypto market: Pay attention to Water, W, ENA and others!
The lock expansion is the process of releasing a crypto currency to the tokens that are kept locked for a certain period of time. Crypto projects usually keep these tokens locked for a certain period of time, while crypto projects initially give a certain amount of token to investors or users. Locked tokens remain still in this period in order to prevent investors from selling early and to ensure project safety. The lock expansion means that these tokens are released and available. This process can increase the supply of tokens and put pressure on the price and cause market mobility.
According to Token Unlocks data, some important tokens will take place next week. These developments can lead to mobility in the market. Here are the details about the upcoming lock opening:
- Sui (water):On April 1, 64.19 million water token will be opened. This amount constitutes 2.03 %of the existing circulatory total supply and worth approximately $ 152 million.
- Wormhole (W):On April 3, the lock of 1.39 billion W Token will be opened. This covers 47.4 %of the existing circulatory supply and worth about $ 117 million.
- Ethena (ENA):40.63 million ENA Token will be released on April 2. This amount corresponds to 0.77 %of the current supply and is worth approximately $ 15 million.
- Optimism (OP):On March 31, 31.34 million OP Token will be opened. This amount of 1.93 %of the existing circulation and worth approximately $ 23.8 million.
- Big Time (BIGTIME):On April 3, 333 million BIGTIME Token will be opened. This corresponds to 18.44 %of the total circulating total supply and is about $ 16.7 million.
- Zetachain (Zeta):44.26 million Zeta Token will be opened on April 1. This amount covers 6.05 %of the existing circulatory supply and worth approximately $ 13.2 million.
- DYDX (DYDX):Approximately 8.33 million DYDX Token will be released on April 1. This constitutes 1.09 %of the total supply and is worth approximately 5.4 million dollars.
