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- $100M+ of Token Unlocks - Week of June 5th, 2023
$100M+ of Token Unlocks - Week of June 5th, 2023
There will be $100M+token unlocks this week between 4 different tokens. We discuss which each of the tokens are, when the unlock happens, and how to handle the situation.
Brace for $100M+ of token unlocks this week. Save yourself from being exit liquidity with this quick guide.
Unlocks
This is where tokens that were previously locked become liquid. Vesting periods have an established schedule which allows you to prepare.
Unlocks are often selling events because investors want to lock in gains. To speculate, you can short or buy puts, but that is at your discretion. Let’s look at the 4 tokens that will be seeing unlocks. Each unlock is a trade opportunity for the brave.
Tokens and Date
June 6th: dYdX $DYDX - $11.8M
June 7th: Immutable $IMX - $51.3M
June 8th: Hop $HOP - $7.7M
June 12th: Aptos $APT - $40.7M
Conclusion
The Immutable and Aptos unlocks are massive and account for most of the $100M+. While dYdX and Hop are relatively small, it’s important to keep in mind.
If you have exposure to these tokens, there’s a good chance that they will take a hit after the unlock. It’s not set in stone, but this is often the case with unlocks. Be careful out there and don’t get rekt.
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