A Comprehensive Guide to TokenUnlocks Data for April 2022

04/17/2023 03:39 • Tech Trends • 84 views

On April 17th, according to TokenUnlocks data, the following tokens were about to be unlocked this week (from April 17th to April 23rd). Among them, at 21:10:00 on April 17th, 3914250.02 AXS (approximately $35.77 million) were unlocked, accounting for 1.45% of the total supply; At 18:00:00 on April 22nd, 18075990.62 IMX (approximately $21.32 million) were unlocked, accounting for 0.904% of the total supply; At 20:10:00 on April 20th, 192307.69 GALs (approximately $400000) were unlocked, accounting for 0.096% of the total supply.

Data: Over 3.91 million AXS will be unlocked this week, valued at approximately $35.77 million

Introduction

TokenUnlocks Data for the week of April 17th, 2022, has been released, and there are a few important tokens set to be unlocked. In this article, we will explore some of the significant tokens and their respective worth set to be unlocked this week.

TokenUnlocks Data

TokenUnlocks data is an essential metric that investors and traders use to understand the supply and demand dynamics of different tokens. It reveals when significant amounts of tokens are about to be unlocked and become available to the market. By doing so, investors can make better-informed decisions and, as a result, adjust their trading and investment strategies accordingly.

Unlocked Tokens

According to TokenUnlocks data, a few important tokens will be unlocked this week. These tokens include:

AXS

On April 17th, at 21:10:00, 3914250.02 AXS tokens, worth approximately $35.77 million were unlocked, accounting for 1.45% of the total supply. Consequently, the market experienced an influx of AXS tokens which could potentially impact its trading volume and value.

IMX

On April 22nd, at 18:00:00, 18075990.62 IMX tokens, worth approximately $21.32 million, were unlocked, accounting for 0.904% of the total supply. This event could potentially drive the price of IMX up or down based on the demand-supply ratio in the market.

GALs

On April 20th, at 20:10:00, 192307.69 GALs tokens, worth approximately $400000, were unlocked, accounting for 0.096% of the total supply. This is a smaller amount, and as such, the impact on the market may be lower than that of AXS and IMX.

Impact on the Market

The unlocking of these tokens can have a major impact on the market price and trading volume of the respective tokens. While it is hard to predict the exact impact, it is reasonable to assume that the more significant the token’s value, the more impact it will have.
Investors and traders must be aware of this potential impact and adjust their strategies accordingly. This could involve buying or selling the tokens before or after the unlocking event, depending on the investor’s assessment of the market conditions.

Conclusion

TokenUnlocks Data is an important metric for investors and traders to take into consideration when making decisions about the trading or investment of various tokens. The tokens unlocked this week include AXS, IMX, and GALs. The amount unlocked varies, with AXS being the most significant ($35.77m), accounting for 1.45% of the total supply.

FAQs

Q1: What is TokenUnlocks Data?

TokenUnlocks Data is a metric used to show when significant amounts of tokens are about to be unlocked and released into the market.

Q2: What is the impact of unlocking tokens?

The unlocking of tokens can potentially have a major impact on the market price and trading volume of respective tokens.

Q3: How can investors benefit from TokenUnlocks data?

By being aware of when tokens are set to be unlocked, investors and traders can adjust their trading strategies to take advantage of the market movements.

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