In the fast-evolving landscape of cryptocurrency, two notable projects, ApeCoin (APE) and Oasis Network’s ROSE, are gearing up for significant token unlocking events. With a combined value of $36.57 million, these releases are poised to impact the crypto arena. This blog post will delve into the details of these upcoming events, examining their implications and token allocations.
ApeCoin’s Token Unlocks Event:
ApeCoin, an ERC-20 token, is a vital component in the APE Ecosystem, contributing to governance and utility. Emphasizing decentralized community building in the realm of web3, ApeCoin holders actively participate in self-governance through the ApeCoin DAO framework.
Current Status:
As of now, APE is valued at $1.50, with a market cap of $553,939,549 and a circulating supply of 368,593,750 APE (36.86% of the total supply of 1 billion APE coins).
Token Unlock on 17 November 2023:
ApeCoin is set to release 15.60 million APE tokens, totaling $23.09 million. This event accounts for 4.23% of the circulating supply. The allocation is as follows:
- 2.22 million APE tokens to Yuga Labs Founder ($3.29 million, 0.60% of circulating supply and market cap).
- 833.33k APE tokens to Launch Contributors 3 ($1.23 million, 0.23% of circulating supply and market cap).
- 277.78k APE tokens to Charity ($411.11k, 0.08% of circulating supply and market cap).
- 767.58k APE tokens to Launch Contributors 2 ($1.12 million, 0.21% of circulating supply and market cap).
- 4.17 million APE tokens to Yuga Labs ($6.17 million, 1.13% of circulating supply and market cap).
Insights:
The previous unlock event on 17 Oct 2023 unveiled 15.60 million APE coins worth $23.09 million, representing 4.23% of the circulatory supply. Notably, APE’s price surged by 38.47% from $1.06 to $1.48 since the previous launch event, prompting speculation about the coin’s future trajectory.
Oasis Network’s ROSE Token Unlock:
Oasis Network (ROSE) stands out as a leading blockchain network, offering enhanced privacy and scalability at the layer-1 level. It plays a pivotal role in propelling Web3 into the future, covering diverse domains such as DeFi, GameFi, NFTs, Metaverse, Data tokenization, and Data DAOs.
Current Status:
At present, ROSE is valued at $0.07093, with a market cap of $464,197,809 and a circulating supply of 6,542,267,493 ROSE (65.42% of the total supply of 10 billion ROSE).
Token Unlock on 18 Nov 2023:
Oasis Network (ROSE) will unlock 196.00 million ROSE tokens, amounting to $13.89 million, representing 3.90% of the circulating supply. The allocation is as follows:
- 12.50 million ROSE tokens to Partners and Reserve ($885.68k, 0.25% of circulating supply and market cap).
- 25.00 million ROSE tokens to the Foundation ($1.77 million, 0.50% of circulating supply and market cap).
- 140.00 million ROSE tokens to Core Contributors ($9.92 million, 2.78% of circulating supply and market cap).
- 18.50 million ROSE tokens to the Community ($1.31 million, 0.37% of circulating supply and market cap).
Insights:
The previous unlock event on 18 Aug 2023 revealed 171.00 million ROSE tokens worth $12.12 million, representing 3.40% of the circulatory supply. Following this event, the ROSE token experienced a price increase from $0.042 to $0.072.
Conclusion:
As these significant token-unlocking events approach, the cryptocurrency community eagerly awaits the impact on the market and the subsequent price movements of ApeCoin and Oasis Network’s ROSE. The intricate details of token allocations and the performance of these assets post-unlocking events will undoubtedly shape the narrative of their respective ecosystems.
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