New important token unlocks are set to take place this week, and the events could potentially affect the coins’ prices. Here are the top 7 token unlocks between October 21-27.
Top 7 Token Unlocks of the Week: Over $84.5M in Crypto
1. Ronin (RON)
On October 27, over 34 million RON tokens will be unlocked, representing almost 3.5% of the total token amount. The unlocked amount is close to $59 million, almost 10% of the fully diluted market cap of the token which is at almost $1.7 billion.
So far, almost 53% of the total RON token amount has been unlocked according to data from CryptoRank.
Regarding the price of RON, the coin saw a descendant trend during the past week which reversed on October 19 when the coin reached $1.68.
At the moment of writing this article, RON is trading at $1.68 after hitting earlier prices above $1.73. The total market cap of the token is over $592 million.
2. Space ID (ID)
On October 22, almost 18.5 million ID tokens will be unlocked, representing 0.93% of the total token amount. The unlock amount is $7.6 million, or 4.34% of the fully diluted market cap of the token which is at $832 million.
According to Crypto Rank data, almost 38% of the total token amount has been unlocked so far.
Regarding the price of the ID token in the past week, the coin recorded intense volatility until a price spike on October 20, when the coin reached almost $0.43. On October 21, the token surged to $0.43.
At the moment of writing this article, ID is trading at $0.41, down by 3% in the past 24 hours. The token has a market cap of over $307 million.
3. Yield Guild Games (YGG)
On October 27, almost 11.5 million YGG tokens will be unlocked, representing 1.15% of the total token amount. The unlock amount is $6.56 million, or almost 3% of the fully diluted market cap of the token which is $548 million.
So far, 47.8% of the total tokens have been unlocked, according to CryptoRank data.
Last week, the price of YGG debuted a rally on October 18, hitting a top at almost $0.58 on October 20. At the moment of writing this article, YGG is trading at $0.53 and the coin has a total market cap of almost $204 million.
4. S.S. Lazio Fan Token (LAZIO)
Today, October 21, Lazio Fan Token will also unlock 3.1 million coins, representing 7.75% of the total amount of tokens. The unlock amount will be $4.9 million coins, or almost 25% of the fully diluted market cap of the token which is $63 million.
So far, 39% of the total LAZIO tokens have been uncooked, according to data from CryptoRank.
Regarding the price of the LAZIO token in the past week, the coin saw multiple price spikes, the most significant one being on October 17, when the coin surpassed $1.66.
At the moment of writing this article, LAZIO is trading at $1.57, and the token has a market cap of almost $13.5 million.
5. GT Protocol (GTAI)
On October 25, GT Protocol will unlock 3.35 million tokens, representing 4.46% of the total amount of the tokens. The unlock amount represents $2.7 million, over 9% of the fully diluted market cap of the token which is currently at $60.7 million.
So far, 39.6% of the total amount of GTAI tokens have been unlocked.
In the past seven days, the token has recorded intense price volatility with a notable price price on October 18 when the coin reached almost $0.9.
At the moment of writing this article, GTAI is trading close to $0.8 and has a market cap of around $28 million.
6. NFPrompt (NFP)
On October 27, 10.42 million NFP tokens will be unlocked, representing a little over 1% of the total token amount. The unlock amount is $2.44 million, or almost 3.6% of the fully diluted market cap of the token which is $234 million.
So far, 35.4% of the total token amount has been unlocked, according to CryptoRank data.
The NFP token recorded intense volatility during the past week, and the price of the coin dipped on October 17, at $0.2. At the moment of writing this article, NFP is trading at $0.23, after hitting $0.25 yesterday. The coin’s market cap is at over $67.4 million.
It’s also worth noting that the NFPrompt has migrated to a new contract following recent security issues.
7. Forgotten Playland (FP)
According to official data from CryptoRank, today, October 21, almost 422 million FP tokens will be unlocked, representing 4.23% of the total token amount. The unlocked amount will be $2.32, which translates into 16.6% of the total fully diluted market cap of the coin, $55.1 million.
So far, 26.1% of the total token supply has been unlocked, according to the same data.
Regarding the price of FP token, during the past seven days, the coin recorded a notable surge on October 15, at $0.006 levels, followed by a price drop to $0.005 levels the next day, on October 17.
At the moment of writing this article, FP is trading above $0.005, up by over 6% today.
All these token unlocks are important events as they can influence the buying and selling pressure of the coins.
