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WEEKLY UNLOCKS Jun 3 to 10: Arbitrum price drop? $ATA and $HYPC Token Inflows

Daniel Urbánek
Daniel Urbánek
June 03 at 24:06
Analysis, Token Unlocks, News

In the first week of June 2024 watch closely the prices of $ARB, $ATA, $HYPC, and $HFT as we expect substantial unlocks from these tokens. Examine unlock details and schedules.

🔒 Interesting Token Unlocks This Week:

  • $HFT - 1.6% of the total supply will enter circulation on Jun 7th.
  • $ATA - 3.5% of the total supply will enter circulation on Jun 7th.
  • $HYPC - 1.9% of the total supply will enter circulation on Jun 8th.
  • $ARB - 1.2% of the total supply will enter circulation on Jun 9th.

Hashflow - $HFT Token Unlock

Hashflow ($HFT) is a decentralized exchange (DEX) that facilitates trading across multiple blockchains like Ethereum, BNB Chain, and others without the need for bridges. It uses a request-for-quote model to ensure traders get guaranteed price quotes from market makers. Hashflow offers revenue sharing to HFT stakers, gamified DAO experiences through Hashverse, and employs a vote-escrow model for governance.

On Jun 07, 2024, Hashflow is set for the following unlocks:

  • 7,027,834 $HFT tokens valued at $2,132,722 will be released to the Investors allocation group, increasing the circulating supply by 0.7%
  • 5,992,600 $HFT tokens valued at $1,818,562 will be released to the Ecosystem Development allocation group, increasing the circulating supply by 0.6%
  • 3,250,065 $HFT tokens valued at $986,290.28 will be released to the Team allocation group, increasing the circulating supply by 0.33%

Automata - $ATA Token Unlock

Automata ($ATA), now Automata 2.0 is essentially a trust-enhancing tool for Ethereum, a type of technology used for a wide variety of internet applications, especially those involving transactions. It's like a security layer that checks and confirms activities that aren't directly recorded on Ethereum's main ledger, ensuring that everything is accurate and trustworthy. It's designed to fit in with Ethereum's existing security measures and can be customized for different needs, helping to keep online transactions private and fair.

On Jun 07, 2024, Automata is set for the following unlocks:

  • 19,998,900 $ATA tokens valued at $3,761,930 will be released to the Ecosystem and Dev Community allocation group, increasing the circulating supply by 2%
  • 14,700,000 $ATA tokens valued at $2,765,170 will be released to the Protocol Reserve allocation group, increasing the circulating supply by 1.47%

HyperCycle - $HyPC Token Unlock

HyperCycle ($HyPC) is a cryptocurrency that serves as a utility token within the HyperCycle network, a Layer 0++ blockchain architecture designed to facilitate high-speed and cost-effective on-chain execution of microservices. The network is particularly optimized for AI-related applications, providing a platform for decentralized AI and computation for various use cases.

On Jun 08, 2024, HyperCycle Token is set for the following unlocks:

  • 4,115,969 $HyPC tokens valued at $2,230,113 will be released to the Strategic Partners allocation group, increasing the circulating supply by 0.19%
  • 10,737,311 $HyPC tokens valued at $5,817,686 will be released to the Team and Advisors allocation group, increasing the circulating supply by 0.5%
  • 7,158,422 $HyPC tokens valued at $3,878,574 will be released to the Liquidity Rewards Pool allocation group, increasing the circulating supply by 0.33%
  • 10,232,964 $HyPC tokens valued at $5,544,421 will be released to the Ecosystem and Network Adoption Fund allocation group, increasing the circulating supply by 0.48%
  • 7,874,264 $HyPC tokens valued at $4,266,431 will be released to the Network Incentive Pool allocation group, increasing the circulating supply by 0.37%

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 Jun 09, 2024, Arbitrum is set for the following unlocks:

  • 48,694,444 $ARB tokens valued at $55,036,595 will be released to the Investors allocation group, increasing the circulating supply by 0.49%
  • 74,833,333 $ARB tokens valued at $84,579,913 will be released to the Team allocation group, increasing the circulating supply by 0.75%

Honorable Mentions:

  • Cheelee ($CHEEL) will be releasing 0.7% on Jun 5th to multiple vesting groups.
  • Liquity ($LQTY) will be releasing 0.7% on Jun 5th to the "Team and Advisors" vesting group.
  • Insurabler ($INSR) will be releasing 2.1% on Jun 9th to "Rewards" 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.

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