Set to witness one of the most significant unlocks this month, APE will release $54.8 million, which represents 11% of its circulating supply, on Sept. 17. Both influencers highlighted the magnitude of this event. @TheDeFinvestor pointed out that most of the unlocked tokens would go to insiders, specifically launch contributors. Drawing from history, the last time a large amount of APE tokens entered circulation, the price experienced a sharp dip.
@wacy_time1 mentioned the potential risks of shorting APE, especially given its current position. Since the beginning of the year, the APE is in a steep downtrend which saw price decline by 80%.
WLD is set for a daily unlock of $3.38 million. @TheDeFinvestor emphasized that in a year, the circulating supply of WLD would be three times its current amount.The token’s value has reportedly decreased by almost 50% since its launch. Despite this downtrend, both influencers cautioned against shorting it due to its large VC backers and potential price manipulations.
Solana is set for an unlock of $10.3 million from staking on September 7. @wacy_time1 provided an analysis suggesting that a majority of the 2756 stakers receiving 531,574 SOL might not immediately sell. The influencer believes that any price drop could be an accumulation opportunity, emphasizing the potential of Solana.
OP will unlock $32.3M, or 3.03% of its circulating supply, on Sept. 30. These tokens are designated for core contributors and investors. @TheDeFinvestor mentioned that these groups are typically the ones most likely to sell. However, @wacy_time1 expressed a more optimistic view, suggesting that the price might not react negatively. The influencer emphasized the potential of Optimism following the success of Coinbase’s Base and hinted at accumulation opportunities if any negative price reaction occurs.
On Sept. 26, $13.7 million, about 3.8% of the dYdX circulating supply, will be unlocked. These tokens are allocated to the community treasury, liquidity provider rewards, and trading rewards. @TheDeFinvestor highlighted the mid-long term selling pressure these unlocks might introduce, while @wacy_time1 did not express significant concerns regarding this token’s unlock.
A standard linear unlock of $25 million is scheduled for APT on September 12. @wacy_time1 shared that he doesn’t anticipate a significant price reaction and might consider buying APT for speculative purposes if it drops below $3.
In light of these impending unlocks, the crypto community is advised to stay informed and exercise caution. The events of September are poised to offer both challenges and opportunities for crypto investors.