NFT News by Thebittimes.Com

dYdX and Ethena have token unlocks of over $70 million and $45 million respectively scheduled for May 1 Sui and Memecoin cliff unlocks are set for May 3 AEVO and PYTH will see token unlocks exceeding $1.2 billion (at current prices) in May. dYdX (DYDX), Sui (SUI) and Memecoin (MEME) are all trading in the red on Tuesday, down between 2% and 5%. Meanwhile, Ethena (ENA), which launched on exchanges recently, is defying the broader market with more than 6% gains in the past 24 hours. These projects, according to details from TokenUnlocks, have cliff token unlocks lined up for early May. DYDX, ENA, SUI token unlocks As the crypto market exits April, altcoins continue to mirror Bitcoin’s price movements. Among those to likely be in the spotlight this week though are tokens set to unleash huge part of their supply into circulation. Data from TokenUnlocks shows that DYDX, SUI, ENA and MEME are headed for major token releases this month. The above tokens all...

Injective (INJ) had an impressive run in 2023 with over 3,300% gains from its lowest to its current price. Collecting the spoils afterward, the team will unlock nearly $150 million in tokens on January 20. This token unlock comes from Injective’s genesis distribution, which is partially locked in vesting contracts. Notably, 3.67 million INJ will be at the team’s and advisors’ disposal to sell at will from January 20. In particular, the team will unlock 3.33 million worth $125 million for itself. Meanwhile, advisors will receive slightly over $12 million worth of tokens to realize their profits over the years since launch. Finbold retrieved this data from TokenUnlocksApp on January 16. Injective (INJ) token unlock. Source: token.unlocks.app Injective (INJ) price analysis amid massive token unlock Notably, Injective trades at $40.81 by press time, in a consolidation range under its all-time high of $45.28. This is a 3,300% unrealized profit since its December 2022 lo...