Tracking Token Unlocks for Smarter Crypto Investing
Token unlocking can shake the market, causing prices to pump or dump according to supply and demand. Large unlocks often lead to sell-offs because early investors cash out, while smaller investors can have an impact. Some tokens may see a short-lived pump before falling, while others can be from such defi Or game. Watching unlock schedules can help traders predict market transfers and manage risks effectively.
There are a lot of tokens unlocked this year binance
binance – (Protected by email) Centralized communicationCryptocurrencyTrading ApplicationCryptocurrency Investment A significant update to its market cap methodology has been introduced by incorporating the token unlocking schedule into its calculations. The move is designed to increase transparency and help traders make smarter decisions.
New ways to track market value
In short, with a new update starting on February 14, Binance will calculate market cap by including unlock tokens in the circular supply. If no data is unlocked, these tokens will not be counted. Users can view token unlock details for each project in the Project Overview section on the Binance website and app.
If unavailable data is not available, binance will exclude these tokens from its market cap and circular supply numbers. This prevents artificially exaggerated valuations and ensures that users only see publicly accessed token data.
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Large unlock incoming
Next week, the market will see a large number of newly unlocked tokens, with assets worth more than $240 million entering circulation. FastToken (FTN), Quantixai (Qai) and Apechain (APE) will jointly unlock $113 million. at the same time, Melaniaa political monument will experience the biggest unlock, unleashing 40.6% of its supply, selling for nearly $85 million.
By introducing this update, Binance is designed to provide greater transparency and help investors drive the risk of token unlocking, thereby reducing sudden market shocks.
Why is this important?
Token unlocking will cause the price to rise or fall rapidly. If a large portion of the token is issued, it can create sudden market volatility. Smart Traders keep an eye on these events to spot opportunities, but it also carries risks. Keeping a close eye on the unlocking schedule can help you understand the long-term value of the project and how its price will increase in the future.
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