Blog

WEEKLY UNLOCKS Jun 10 to 17: $APE and $RARE Team Drops, Iguverse and Liquidus

Daniel Urbánek
Daniel Urbánek
June 10 at 04:45
Analysis, Token Unlocks, News

In the second week of June 2024 the price of $APE and $RARE tokens may face selling pressure from founding teams. Large unlocks are also projected for $LIQ and $IGU.

🔒 Interesting Token Unlocks This Week:

  • $LIQ - 3.6% of the total supply will enter circulation on Jun 11.
  • $IGU - 3.4% of the total supply will enter circulation on Jun 16.
  • $APE - 1.5% of the total supply will enter circulation on Jun 17.
  • $RARE - 2.1% of the total supply will enter circulation on Jun 17.

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 Jun 11, 2024 Liquidus is set for these (and additional) unlocks:

  • 82,079 $LIQ tokens valued at $2,949.47 will be released to the Vesting Group 6 allocation group, increasing the circulating supply by 0.24%
  • 4,104 $LIQ tokens valued at $147.47 will be released to the Vesting Group 10 allocation group, increasing the circulating supply by 0.01%
  • 164,159 $LIQ tokens valued at $5,898.93 will be released to the Vesting Group 4 allocation group, increasing the circulating supply by 0.47%
  • 164,159 $LIQ tokens valued at $5,898.93 will be released to the Vesting Group 3 allocation group, increasing the circulating supply by 0.47%
  • 20,520 $LIQ tokens valued at $737.37 will be released to the Vesting Group 7 allocation group, increasing the circulating supply by 0.06%

Iguverse - $IGU Token Unlock

IguVerse, represented by the $IGU token, is a GameFi application that merges artificial intelligence (AI) and machine learning (ML) technologies with blockchain to transform the concept of non-fungible tokens (NFTs). This platform features unique user-generated NFTs, pioneering the new standard of NFT 2.0 and moving away from generic collections.

On Jun 16, 2024 IGU Token is set for the following unlocks:

  • 4,083,366 $IGU tokens valued at $71,186.05 will be released to the Treasury/Ecosystem allocation group, increasing the circulating supply by 1.02%
  • 4,166,700 $IGU tokens valued at $72,638.83 will be released to the In-game Economy allocation group, increasing the circulating supply by 1.04%
  • 2,777,800 $IGU tokens valued at $48,425.89 will be released to the Team allocation group, increasing the circulating supply by 0.69%
  • 1,111,120 $IGU tokens valued at $19,370.35 will be released to the Advisors allocation group, increasing the circulating supply by 0.28%
  • 1,588,346 $IGU tokens valued at $27,689.92 will be released to the Strategic Reserve allocation group, increasing the circulating supply by 0.4%

ApeCoin - $APE Token Unlock

ApeCoin ($APE) is a cryptocurrency on the Ethereum network, functioning as the native token for the APE ecosystem. It was created to serve as a decentralized protocol layer for community-led initiatives. ApeCoin is closely associated with Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC), a prominent NFT collection. This token enables governance within the ApeCoin DAO, where holders vote on proposals affecting the ecosystem.

On Jun 17, 2024 ApeCoin is set for the following unlocks:

  • 757,575 $APE tokens valued at $850,279.50 will be released to the Launch Contributor 2 allocation group, increasing the circulating supply by 0.08%
  • 4,166,700 $APE tokens valued at $4,676,579 will be released to the Yuga Labs allocation group, increasing the circulating supply by 0.42%
  • 277,780 $APE tokens valued at $311,771.96 will be released to the Jane Goodall Legacy Foundation allocation group, increasing the circulating supply by 0.03%
  • 2,222,222 $APE tokens valued at $2,494,156 will be released to the BAYC Founders allocation group, increasing the circulating supply by 0.22%
  • 7,343,750 $APE tokens valued at $8,242,405 will be released to the DAO Treasury and Resources allocation group, increasing the circulating supply by 0.73%

SuperRare - $RARE Token Unlock

SuperRare ($RARE) is a platform in the NFT space, focusing on the digital art market. It operates as a marketplace for artists and collectors to buy, sell, and trade unique, single-edition digital artworks. SuperRare stands out for its emphasis on high-quality, curated art, ensuring that each piece featured on the platform is a rare and valuable digital asset.

On Jun 17, 2024 SuperRare is set for the following unlocks:

  • 10,625,085 $RARE tokens valued at $1,220,239 will be released to the SuperRare Labs allocation group, increasing the circulating supply by 1.06%
  • 4,531,250 $RARE tokens valued at $520,392.09 will be released to the Investors allocation group, increasing the circulating supply by 0.45%
  • 6,250,000 $RARE tokens valued at $717,782.19 will be released to the Community Treasury allocation group, increasing the circulating supply by 0.63%

Honorable Mentions:

  • Atem Network ($ATEM) will be releasing 0.8% on Jun 11 to the "Social Incentives" vesting group.
  • Games For a Living ($GFAL) will be releasing 1.2% on Jun 13 to multiple vesting groups.
  • My Neighbor Alice ($ALICE) will be releasing 1% on Jun 15 to the "Reserve" 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!

Disclaimer: The content of this piece reflects the writer's opinion. This article is not intended to provide financial advice and is meant solely for entertainment and educational purposes. Investing in cryptocurrency involves significant risk. Capital is at risk, and returns are not guaranteed. Always conduct your own research.

Share the Article

Did you enjoy reading this article? Don't forget to share it with your friends!

Share the Article
Ad

Related Articles

Announcement, XRPL, Features, News

Explore XRPL tokens Like Never Before with CoinBrain

We're excited to announce that CoinBrain now officially supports the XRP Ledger (XRPL).

Jun 18By Megamind

Trending Coins

Curve DAO Token
CRV

Curve DAO Token

$0.3516+5.79% 24h
$24.5002-9.41% 24h
USD Coin
$1.0008+0.05% 24h
$0.00020366+8.10% 24h