- APT is set for an unlock of $24.03 million worth of tokens
- CYBER and ICP are having an unlock of $6.22 million and $10.17 million worth of tokens respectively.
APTOS (APT):
APT is currently trading at $5.29, up by 0.76% today. The market cap of APT is $1.265 billion with a circulating supply of 238.494 million tokens. In the last 7 days, APT has experienced a 1.79% decrease, reaching a high of $5.74 and a low of $5.15. Over the past 30 days, APT has declined by 4.63%, with a monthly high at $5.74 and a monthly low at $4.93.
On October 12, 2023, APT will have an unlock event, releasing 4.54 million APT tokens worth $24.03 million. This unlock accounts for 1.9% of the current APT supply. The tokens will be distributed to both the foundation and the community. Out of the 4.54 million APT tokens, 1.33 million, worth $7.05 million, will be allocated to the foundation, while the remaining 3.21 million tokens, valued at $16.98 million, will be distributed to the community.
As unlock events are known for causing price volatility and asset value fluctuations, investors and traders of APT should stay informed about Aptos updates to make informed decisions.
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CYBERCONNECT (CYBER):
Cyber gained attention after experiencing a 6x increase by the end of August 2023. Currently, Cyber is trading at $0.94, showing a 1.39% increase today. Cyber boasts a market cap of $54.5 million and a circulating supply of 11.038 million tokens, which constitutes 11.038% of the maximum supply of Cyber. In the past 7 days, Cyber has fallen by 3.52%, reaching a high of $5.44 and a low of $4.78. Over the last 30 days, Cyber has declined by 16.6%, with a high of $6.05 and a low of $4.56.
On October 15, 2023, Cyber will undergo an unlock event that will increase its supply by 1.261 million tokens, worth $6.22 million. This increase accounts for 11.43% of the current circulating supply of Cyber. Out of the 1.261 million tokens, 375,000 tokens valued at $1.85 million will be distributed among Public Sale Investors, 722,920 tokens worth $3.56 million will be allocated for Ecosystem Development, and the remaining 163,200 tokens, valued at $804,580, will be added to the Community Treasury.
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INTERNET COMPUTER (ICP):
ICP is presently trading at $3.11, reflecting a 1.1% increase today. The market cap of ICP stands at $1.388 billion, and it has a circulating supply of 445.652 million tokens. Over the past 7 days, ICP’s price has decreased by 2.07%, reaching a high of $3.33 and a low of $3.03. In the last 30 days, ICP has experienced a 6.3% decline, with a high of $3.38 and a low of $2.89.
On October 10, 2023, ICP will undergo an unlock event, releasing 3.31 million tokens worth $10.17 million. Out of these 3.31 million tokens, 891,577 tokens will be allocated for the Strategic Round, while the remaining 2.24 million ICP tokens will be used for the private sale/seed round.
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Potential Impact Of Unlock:
Unlock events have the potential to influence market dynamics in various ways. These include:
- Short-Term Volatility: As the additional tokens enter the market, all three tokens—APT, Cyber, and ICP—are likely to experience short-term price volatility. Traders and investors may respond to these events with buying or selling actions, causing price fluctuations.
- Market Sentiment: Investor sentiment can play a crucial role in determining the impact of unlock events. The transparency of token allocation and the perceived intentions of the projects’ foundations can significantly influence how the market responds.
- Long-Term Implications: The use of the unlocked tokens for project development, community incentives, or other purposes can shape the long-term trajectory of these tokens, making the successful management of these assets critical for their overall success.
Conclusion:
In conclusion, the provided information highlights the current status and upcoming events for three distinct cryptocurrencies: APT, CYBER, and ICP. These details encompass their trading performance, market capitalization, supply data, recent price movements, and impending unlock events.
Investors and traders are encouraged to remain vigilant and well-informed, particularly when anticipating unlock events, as they can often trigger price volatility and affect the asset’s overall value. Making knowledge-based decisions in the ever-evolving cryptocurrency market is essential to navigate its complexities successfully.
References from TokensUnlock , DropsTab and TradingView
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from any company.
