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BrianIt 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.
EdmundRipple's $611.42 million token unlock stabilizes XRP at $0.61. Low volatility with oversold indicators suggests a potential rise to $0.65, but market stability and short-selling leanings affect XRP's future.
EdmundArbitrum is Dark Horse?
ZoeyChainlink unlocks $162M in LINK tokens, diverging from usual market expectations by using them for network incentives and development.
KikyoUnderstanding the various nodes of Blockchain technology
CoinBoldArbitrum community demands return of ARB tokens in latest development
OthersThe 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.
CoindeskCasinos and iGaming are coming to Web3 — with an exclusive new pass granting VIP access and a range of perks.
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