5 Altcoins About to Dump? Massive Crypto Token Unlocks Incoming!
Arbitrum, Magpie, and more are unlocking millions in tokens. Learn how these events could skyrocket your gains or crash your investments. Don't miss this crucial intel
🔒 Interesting Token Unlocks This Week:
- $ARB - 1.24% of the total supply will enter circulation on Oct 08, 2024.
- $MGP - 3.83% of the total supply will enter circulation on Oct 09, 2024.
- $ATEM - 4.00% of the total supply will enter circulation on Oct 11, 2024.
- $GFAL - 1.06% of the total supply will enter circulation on Oct 13, 2024.
- $LIQ - 1.15% of the total supply will enter circulation on Oct 14, 2024.
Arbitrum - $ARB Token Unlock
Arbitrum ($ARB) is a Layer 2 scaling solution for Ethereum, designed to improve the scalability, speed, and cost-efficiency of Ethereum transactions. By utilizing Optimistic Rollup technology, Arbitrum enables high-speed and low-cost smart contract execution without compromising the security guarantees of the Ethereum blockchain. In essence, it processes transactions off the main Ethereum chain (Layer 1) but leverages the main chain for security and finality.
On Oct 08, 2024, is set for the following unlocks:
- 48,694,444 $ARB tokens valued at $27,010,716 will be released to the "Investors" allocation group, increasing the circulating supply by 0.49%
- 74,833,333 $ARB tokens valued at $41,509,908 will be released to the "Team" allocation group, increasing the circulating supply by 0.75%
Magpie - $MGP Token Unlock
Magpie ($MGP) is a cryptocurrency token involved primarily with the BNB Chain ecosystem, creating a robust platform for decentralized finance (DeFi) applications. The project's aim is to provide a streamlined and efficient environment for DeFi transactions and applications. Magpie focuses on enhancing the user experience within the DeFi space by offering tools for better transaction management and quicker integration of services.
On Oct 09, 2024, Magpie Token is set for the following unlocks:
- 575,342 $MGP tokens valued at $43,092.94 will be released to the "Ecosystem" allocation group, increasing the circulating supply by 2.3%
- 383,562 $MGP tokens valued at $28,728.63 will be released to the "Community Treasury" allocation group, increasing the circulating supply by 1.53%
Atem Network - $ATEM Token Unlock
Atem Network ($ATEM) is a decentralized content creation protocol designed to help creators tokenize their content and build Web3-native communities using NFTs. Two platforms are utilizing the Atem Protocol: AtemChat, a Web3 community social platform, and AtemReview, a Web3 review-sharing platform. These platforms enable creators to connect with their communities and offer exclusive, token-gated experiences.
On Oct 11, 2024, Atem Network is set for the following unlocks:
- 1,000,000 $ATEM tokens valued at $94.93 will be released to the "Social Incentives" allocation group, increasing the circulating supply by 4%
Games For A Living - $GFAL Token Unlock
Games for a Living ($GFAL) is a Web3 gaming platform established in 2021, focusing on integrating blockchain technology into the gaming industry to offer more sustainable revenue models and enhanced gaming experiences. The GFAL token underpins its ecosystem, facilitating transactions and interactions within its games.
On Oct 13, 2024 Games For A Living is set for the following unlocks:
- 31,250,250 $GFAL tokens valued at $547,985.68 will be released to the "Marketing" allocation group, increasing the circulating supply by 0.31%
- 8,333,400 $GFAL tokens valued at $146,129.51 will be released to the "Advisors" allocation group, increasing the circulating supply by 0.08%
- 11,111,000 $GFAL tokens valued at $194,835.85 will be released to the "Developers" allocation group, increasing the circulating supply by 0.11%
- 25,000,500 $GFAL tokens valued at $438,393.80 will be released to the "In-Game" allocation group, increasing the circulating supply by 0.25%
- 31,249,500 $GFAL tokens valued at $547,972.53 will be released to the "Foundation" allocation group, increasing the circulating supply by 0.31%
Liquidus - $LIQ Token Unlock
Liquidus ($LIQ) is a blockchain project focused on simplifying decentralized finance (DeFi) for everyday users. The platform offers a mobile application that allows users to manage, stake, and earn on their cryptocurrency holdings with ease. LIQ operates on the Binance Smart Chain (BEP-20) and has a total supply of 6.5 million tokens, with a circulating supply of approximately 3.73 million as of mid-2024. The token is used for various functions within the Liquidus ecosystem, including staking and governance.
On Oct 14, 2024, Liquidus is set for the following unlocks:
- 287,474 $LIQ tokens valued at $4,809.44 will be released to the "Vesting Group 14" allocation group, increasing the circulating supply by 1.15%
Honorable Mentions
- On Oct 8th Insurabler ($INSR) will be releasing 0.5% of its total supply to the “Foundation” vesting group.
About Vesting and Token Unlocks
Both traditional finance and Web3 emerging projects often issue a share of tokens or stocks to their shareholders. These shareholder groups can for example be the developer team, founders, advisors, and so on.
Tokens issued for shareholder groups and other use cases are often not available immediately after launch - instead, they are locked for a specified amount of time (vesting) and released into circulation according to a predetermined schedule.
Token Unlocks refer to the moments when these vested tokens become accessible or "unlocked."
Learn how to use token unlocks in trading and investing here: Track Token Unlocks & Vesting Schedule of 200+ Cryptocurrencies with CoinBrain!
