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Millions of dollars worth of locks will be opened in 7 altcoins this week - Coin Bulletin
This week, a total of tens of millions of dollars worth of lock opening will take place in 7 altcoins.
According to Token Unlocks data, approximately $13 million worth of unlocks will occur in a total of 7 altcoin projects, including LQTY (LQTY), Galxe (GAL), and Pendle (PENDLE), between June 3rd and June 9th.
In general, the release of more than 1% of the circulating supply at lock openings has a significant negative impact on the price. In this context, the lock openings for Galxe (GAL) and Hashflow (HFT) are important in the coming week.
Attention to GAL!
Especially noteworthy is the token unlocking with a value of $7.34 million, taking into account the circulation supply of 1.76%. The unlocking with a value of $4.18 million in HFT should be considered with a supply rate of 3.41%.
The unlocking of cryptocurrencies will take place as follows: