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Enormous $174 Million Worth of Tokens to Get Unlocked in October: SUI, IMX, APT

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Sun, 1/10/2023 - 11:23
Enormous $174 Million Worth of Tokens to Get Unlocked in October: SUI, IMX, APT
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According to TokenUnlocks, a series of large-amount unlocks are slated for October, involving tokens like SUI, IMX, APT, APE, AXS and OP. The total unlock value for these tokens is estimated to exceed $174 million, a significant amount that could potentially impact the market dynamics of these assets.

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APT is currently trading at $5.49, APT has been showing moderate volatility. The upcoming unlock could either provide a liquidity boost or trigger a sell-off, depending on investor sentiment.

OP is priced at $1.36, OP has been relatively stable. However, a large unlock could introduce new market pressure, either driving the price up with increased demand or down due to oversupply.

SUI: With a current price of $0.4742, SUI is the least expensive among the three. The unlock event could serve as a catalyst for price movement, either upward due to increased trading activity or downward if investors decide to cash out.

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There are several scenarios that might occur after tokens get injected on the market:

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Liquidity boost: A large unlock often injects liquidity into the market, making it easier for traders to buy and sell without significantly impacting the asset's price.

Price volatility: On the flip side, a sudden influx of tokens could lead to increased volatility, especially if investors rush to sell their newly unlocked assets.

Investor sentiment: The market's reaction to these unlocks will largely depend on investor sentiment. If the general mood is bullish, the unlock could lead to a price surge. Conversely, a bearish sentiment could trigger a price drop.

Market manipulation: Large unlocks often attract the attention of "whales," who may attempt to manipulate the market by either hoarding tokens or dumping them.

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