Grayscale Launches AVAX Token Investment Fund
Asset management firm Grayscale Investments has launched a new investment fund for Avalanche’s native token AVAX, according to an announcement on August 22.
JinseFinanceAsset management firm Grayscale Investments has launched a new investment fund for Avalanche’s native token AVAX, according to an announcement on August 22.
JinseFinanceThis week, the unlocking scale and value of The Sandbox, Arbitrum and Aptos were large, corresponding to unlocking values of approximately US$52 million, US$51 million and US$66 million, respectively, which may have a certain impact on market liquidity and prices.
JinseFinanceThis week, there are large unlocking of tokens including APT, CRV, SAND, CYBER, STRK, RENDER, etc.
JinseFinanceIt seems ApeCoin (APE) had a recent surge in price after a bearish trend, but there's apprehension about an impending token unlock that might impact its trajectory. Despite a rebound and current trading at $1.38 with a market cap over $507 million, the release of 15.6 million tokens, valued at $22 million, raises concerns for investors. Historically, APE has seen price drops post-unlocks, adding uncertainty. Market data shows declining floor prices in Bored Ape Yacht Club (BAYC), possibly indicating similar trends for APE. While some indicators suggest a positive outlook with decreased supply on exchanges and positive money flow trends, caution prevails amid the uncertainty around the unlock's impact on APE's performance.
EdmundThe unlock, scheduled for mid February, will release 12% of the token’s supply.
OthersOver 25 million APE tokens will be released to launch contributors, representing nearly 8% of the circulating supply.
CoindeskMushe leading the way Many cryptocurrencies have seen strong gains over the start of the week, but one new protocol ...
BitcoinistThe crypto market is a very volatile one and the prices are almost always unpredictable. Over the past month, we ...
BitcoinistIn a rapidly changing and often tumultuous world, there are a few constants that one can always count on. The ...
BitcoinistAre you looking for a new coin to invest in? Check out Calyx Token (CLX)! It has the potential to ...
Bitcoinist