- NEAR Protocol has recently experienced a 20% drop in the last 30 days, raising questions about how its upcoming token unlock may impact its price.
- GMT has seen a substantial decrease of over 27% in the past month, and its imminent unlock event, accounting for 7.98% of its market cap, could have a significant influence on its value.
- IMX has faced a significant 30% drop in the last 30 days, and it’s important to closely monitor its upcoming unlock of 18.08 million tokens, worth $10.02 million, and its potential implications for the token’s price.
NEAR Protocol (NEAR):
NEAR Protocol is currently trading at $1.13, reflecting a 1.13% decrease in value over the past 24 hours. In the last 30 days, NEAR has experienced a 20% drop, declining from $1.4 to its current price of $1.13. The market capitalization of NEAR stands at $1,059,830,636, with a circulating supply of 941,671,517 NEAR tokens. Approximately 94.17% of the total NEAR supply is already in circulation.
On the 3rd of September, which is just two days away, NEAR Protocol is scheduled to have an unlock of 7.75 million NEAR tokens, equivalent to $8.69 million in value. It’s worth noting that historical data indicates that token price tends to decrease following such unlocks. You can find more information about token unlocks, including a specific article on the AVAX unlock, by clicking here. The price of AVAX, for instance, dropped by more than 10% during its token unlock.
STEPN (GMT):
GMT is currently trading at $0.1549, marking a 2.9% decline in the last 24 hours. Over the past 30 days, GMT has seen a substantial decrease of more than 27%, falling from $0.2090 to its current price of $0.155. The market capitalization of GMT is $170,536,851, and the circulating supply stands at 1,101,543,534 tokens, which represents 18.36% of its maximum supply.
On the 8th of September, seven days from now, GMT is set to experience a significant unlock of 87.92 million GMT tokens, valued at $13.63 million, accounting for 7.98% of its market capitalization. This impending unlock is a major event that has the potential to significantly impact the price of the GMT token. Therefore, both traders and investors should exercise caution and gain a thorough understanding of how unlocking events can affect token prices.
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Immutable (IMX):
IMX is currently trading at $0.556, reflecting a 1.31% decrease in the last 24 hours. Over the past 30 days, IMX has experienced a significant 30% drop, plummeting from $0.7642 to its current price of $0.55. IMX currently boasts a market capitalization of $624,373,422 and holds the 54th position in terms of market capitalization rankings. The circulating supply of IMX is 1,123,390,887 tokens, accounting for 56.17% of its total available supply.
On the 8th of September, in just seven days, IMX is poised for a substantial token unlock of 18.08 million tokens, valued at $10.02 million, which represents approximately 1.61% of the current market capitalization. Out of these 18.08 million tokens, $4.69 million worth will be allocated for private sales, while $5.33 million worth will be earmarked for project development.
Conclusion:
The provided information highlights the current trading status and upcoming token unlocks for NEAR Protocol, GMT, and IMX. It’s crucial for investors and traders to remain vigilant, especially during unlock events, as historical data suggests that token prices can experience significant fluctuations. As always, thorough research and a solid understanding of market dynamics are essential when navigating the cryptocurrency landscape. Be prepared for potential price volatility in the coming days and weeks as these unlocks take place.
